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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 215M | 15% |
| Gross Profit | 89M | 502.7% |
| Cost of Revenue | 125M | 27.1% |
| Operating expense | 37M | 43.6% |
| Net Income | 76M | 203.7% |
| EBITDA | 58M | 227.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 24.8B | 0.2% |
| Total Liabilities | 21.6B | 0.4% |
| Total Equity | 3.18B | 4.6% |
| Shares Outstanding | 90M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 68M | 21.2% |
| Cash from investing | 99M | 159% |
| Cash from financing | -84M | 164.2% |
EPS
Financial Highlights for Atlantic Union in Q3 '24
Atlantic Union reported a revenue of 215M, which is a 15% 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 89M, marking a 502.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 125M, a -27.1% 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 37M, showing a -43.6% 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 76M, showing a 203.7% 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 58M, showing a 227.6% 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 Atlantic Union with growth in revenue, gross profit, and net income.
