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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 105M | 9.7% |
Gross Profit | 64M | 9.9% |
Cost of Revenue | 104M | 8.1% |
Operating expense | 63M | 9.6% |
Net Income | 190,000 | 33.1% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 273M | 1.6% |
Total Liabilities | 170M | 0.7% |
Total Equity | 14M | 6% |
Shares Outstanding | 13M | 3.5% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 7.3M | 226.2% |
Cash from investing | -860,000 | 52.5% |
Cash from financing | -1.7M | 15.2% |
EPS
Financial Highlights for Brilliant Earth in Q2 '24
Brilliant Earth reported a revenue of 105M, which is a 9.7% 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 64M, marking a 9.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 104M, a 8.1% 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 63M, showing a 9.6% 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 190,000, showing a 33.1% 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.
It was a positive quarter for Brilliant Earth 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.