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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 98M | 10.3% |
| Gross Profit | 41M | 11% |
| Cost of Revenue | 96M | 9.2% |
| Operating expense | 40M | 10.9% |
| Net Income | -540,000 | 11% |
| EBITDA | 2.5M | 389% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 234M | 1.6% |
| Total Liabilities | 180M | 1.3% |
| Total Equity | 15M | 2.5% |
| Shares Outstanding | 72M | 5.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.9M | 15.9% |
| Cash from investing | -2.1M | 63% |
| Cash from financing | -2.1M | 160.6% |
EPS
Financial Highlights for BRC in Q3 '24
BRC reported a revenue of 98M, which is a 10.3% 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 41M, marking a 11% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 96M, a 9.2% 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 40M, showing a 10.9% 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 -540,000, showing a -11% 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 2.5M, showing a 389% 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.
BRC 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.
