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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 400M | 4% |
Gross Profit | 80M | 7.8% |
Cost of Revenue | 403M | 1.6% |
Operating expense | 127M | 3.6% |
Net Income | -43M | 42.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 497M | 13.9% |
Total Liabilities | 246M | 14.9% |
Total Equity | 250M | 13% |
Shares Outstanding | 46M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -76M | 119.3% |
Cash from investing | 5.8M | 163.8% |
Cash from financing | -78,000 | 96.9% |
EPS
Financial Highlights for Beyond in Q2 '24
Beyond reported a revenue of 400M, which is a 4% 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 80M, marking a 7.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 403M, 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 127M, showing a -3.6% 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 -43M, showing a 42.4% 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 Beyond with growth in revenue, gross profit, and net income.