Similar companies
| Company | Revenue | |
|---|---|---|
 |
LimoneiraLMNR |
63M 41.9% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 325M | 10.5% |
| Gross Profit | 37M | 19.4% |
| Cost of Revenue | 307M | 7.6% |
| Operating expense | 20M | 6.9% |
| Net Income | 12M | 77.1% |
| EBITDA | 10M | 25.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 960M | 0.7% |
| Total Liabilities | 406M | 4.8% |
| Total Equity | 527M | 2.7% |
| Shares Outstanding | 71M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 43M | 1150% |
| Cash from investing | -7.7M | 8.3% |
| Cash from financing | -32M | 372.9% |
EPS
Financial Highlights for Mission Produce in Q3 '24
Mission Produce reported a revenue of 325M, which is a 10.5% 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 37M, marking a 19.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 307M, a 7.6% 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 20M, showing a 6.9% 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 12M, showing a 77.1% 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 10M, showing a -25.7% 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 Mission Produce with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
