429M 47.4%
Total Revenue QoQ (USD) - Q2 '24

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Income Statement (USD)

Q2 '24 QoQ
Revenue 429M 47.4%
Gross Profit 65M 38.7%
Cost of Revenue 418M 43%
Operating expense 46M 13.2%
Net Income 5M 270.6%
EBITDA 21M 46.9%

Balance Sheet (USD)

Q2 '24 QoQ
Total Assets 3.97B 4.3%
Total Liabilities 3.05B 5.2%
Total Equity 915M 1.1%
Shares Outstanding 52M 0.1%

Cash Flow (USD)

Q2 '24 QoQ
Cash from operations 53M 156.1%
Cash from investing -129M 24.7%
Cash from financing 161M 108.2%

EPS

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Financial Highlights for Ameresco in Q2 '24

Ameresco reported a revenue of 429M, which is a 47.4% 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 65M, marking a 38.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 418M, a 43% 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 46M, showing a 13.2% 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 5M, showing a 270.6% 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 21M, showing a 46.9% 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 Ameresco with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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