Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 75M | 6.1% |
| Gross Profit | 26M | 15.7% |
| Cost of Revenue | 49M | 1.5% |
| Operating expense | 21M | 11.3% |
| Net Income | 3.2M | 28.8% |
| EBITDA | 4.5M | 16.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 313M | 1.1% |
| Total Liabilities | 155M | 1.3% |
| Total Equity | 156M | 0.9% |
| Shares Outstanding | 43M | 0.2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 6.4M | 72.7% |
| Cash from investing | -3.7M | 22.7% |
| Cash from financing | -4.7M | 0.6% |
EPS
Financial Highlights for ARC Document Solutions in Q2 '24
ARC Document Solutions reported a revenue of 75M, which is a 6.1% 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 26M, marking a 15.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 49M, a 1.5% 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 21M, showing a 11.3% 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 3.2M, showing a 28.8% 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 4.5M, showing a 16.4% 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 ARC Document Solutions with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
