Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 666M | 1.5% |
| Gross Profit | 345M | 2.9% |
| Cost of Revenue | 321M | 0.1% |
| Operating expense | 631M | 1.5% |
| Net Income | 14M | 1590.6% |
| EBITDA | 123M | 19.7% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 4.9B | 0.6% |
| Total Liabilities | 3.57B | 1.2% |
| Total Equity | 1.33B | 0.8% |
| Shares Outstanding | 18M | 0.9% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 69M | 58.9% |
| Cash from investing | -16M | 82.7% |
| Cash from financing | -31M | 31.3% |
EPS
Financial Highlights for Allegiant in Q2 '24
Allegiant reported a revenue of 666M, which is a 1.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 345M, marking a 2.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 321M, a 0.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 631M, showing a -1.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 14M, showing a 1590.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 123M, showing a 19.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Allegiant with growth in revenue, gross profit, and net income.
