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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 46M | 29.5% |
Gross Profit | 20M | 197.1% |
Cost of Revenue | 25M | 11.1% |
Operating expense | 3.1M | 49.3% |
Net Income | 13M | 56.5% |
EBITDA | 45M | 12.6% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 5.79B | 1.4% |
Total Liabilities | 5.29B | 1.4% |
Total Equity | 502M | 1.3% |
Shares Outstanding | 15M | 0.2% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 18M | 257.2% |
Cash from investing | -4.8M | 83.3% |
Cash from financing | 64M | 189% |
EPS
Financial Highlights for Camden National in Q1 '24
Camden National reported a revenue of 46M, which is a 29.5% 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 20M, marking a 197.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 25M, a -11.1% 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 3.1M, showing a -49.3% 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 13M, showing a 56.5% 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 45M, showing a 12.6% 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 Camden National with growth in revenue, gross profit, and net income.