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Income Statement (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Revenue | 43M | 3.4% |
| Gross Profit | 20M | 33.1% |
| Cost of Revenue | 23M | 13% |
| Operating expense | 16M | 117.8% |
| Net Income | -6.5M | 38.3% |
| EBITDA | -1.9M | 69.5% |
Balance Sheet (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Total Assets | 253M | 2.3% |
| Total Liabilities | 201M | 0.4% |
| Total Equity | 52M | 9.9% |
| Shares Outstanding | 27M | 0.8% |
Cash Flow (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Cash from operations | -2.9M | 31.4% |
| Cash from investing | -830,000 | 22.6% |
| Cash from financing | 340,000 | 69.2% |
EPS
Financial Highlights for BurgerFi in Q1 '24
BurgerFi reported a revenue of 43M, which is a 3.4% 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 20M, marking a 33.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 23M, a -13% 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 16M, showing a 117.8% 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 -6.5M, showing a 38.3% 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 -1.9M, showing a 69.5% 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 BurgerFi with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
