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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 65M | 8.6% |
Gross Profit | 20M | 27.7% |
Cost of Revenue | 44M | 1.6% |
Operating expense | 5.7M | 34.5% |
Net Income | 17M | 26.8% |
EBITDA | 16M | 74.6% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 6.7B | 0.1% |
Total Liabilities | 6.04B | 0.1% |
Total Equity | 665M | 2.4% |
Shares Outstanding | 26M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 15M | 98.1% |
Cash from investing | 23M | 114.1% |
Cash from financing | -16M | 113.8% |
EPS
Financial Highlights for B1 Bank in Q2 '24
B1 Bank reported a revenue of 65M, which is a 8.6% 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 27.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 44M, a 1.6% 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 5.7M, showing a -34.5% 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 17M, showing a 26.8% 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 16M, showing a -74.6% 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 B1 Bank with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.