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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 92M | 27.3% |
Gross Profit | 14M | 274% |
Cost of Revenue | 122M | 2% |
Operating expense | 48M | 16.6% |
Net Income | -34M | 36.6% |
EBITDA | -29M | 38.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 711M | 3.2% |
Total Liabilities | 1.3B | 0.4% |
Shares Outstanding | 65M | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -16M | 49.7% |
Cash from investing | 1.5M | 587.1% |
Cash from financing | -110,000 | 88.6% |
EPS
Financial Highlights for Beyond Meat in Q2 '24
Beyond Meat reported a revenue of 92M, which is a 27.3% 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 14M, marking a 274% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 122M, a 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 48M, showing a -16.6% 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 -34M, showing a 36.6% 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 -29M, showing a 38.2% 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 Beyond Meat with growth in revenue, gross profit, and net income.