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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.2M | 60.1% |
| Gross Profit | 340,000 | 126.1% |
| Cost of Revenue | 2.4M | 56.7% |
| Operating expense | 1.2M | 27.1% |
| Net Income | -1.3M | 34.8% |
| EBITDA | -890,000 | 9.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 9.6M | 43.8% |
| Total Liabilities | 8M | 72.1% |
| Total Equity | 1.5M | 23.1% |
| Shares Outstanding | 6.9M | 15.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.9M | 122.7% |
| Cash from investing | -1.5M | 190.6% |
| Cash from financing | 3.6M | 72.7% |
EPS
Financial Highlights for BranchOut Food in Q3 '24
BranchOut Food reported a revenue of 2.2M, which is a 60.1% 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 340,000, marking a 126.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.4M, a 56.7% 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 1.2M, showing a 27.1% 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 -1.3M, showing a -34.8% 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 -890,000, showing a -9.4% 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.
BranchOut Food faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
