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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 156M | 2.8% |
| Gross Profit | 58M | 13% |
| Cost of Revenue | 98M | 2.5% |
| Operating expense | 24M | 3.1% |
| Net Income | 45M | 13.5% |
| EBITDA | 19M | 82.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 16.2B | 2.4% |
| Total Liabilities | 14.4B | 1.9% |
| Total Equity | 1.79B | 6.1% |
| Shares Outstanding | 34M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 64M | 19% |
| Cash from investing | -95M | 64.9% |
| Cash from financing | 263M | 13.8% |
EPS
Financial Highlights for Banner in Q3 '24
Banner reported a revenue of 156M, which is a 2.8% 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 58M, marking a 13% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 98M, a -2.5% 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 24M, showing a 3.1% 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 45M, showing a 13.5% 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 19M, showing a -82.5% 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 Banner 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.
