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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 8.2M | 145.2% |
| Gross Profit | 1.2M | 8482.9% |
| Cost of Revenue | 16M | 43.8% |
| Operating expense | 10M | 6.8% |
| Net Income | -9.2M | 0.5% |
| EBITDA | -9M | 2.6% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 168M | 3.1% |
| Total Liabilities | 64M | 5.4% |
| Total Equity | 104M | 7.7% |
| Shares Outstanding | 31M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -3.8M | 56.6% |
| Cash from investing | -660,000 | 314.1% |
| Cash from financing | 460,000 | 0% |
EPS
Financial Highlights for Cenntro in Q2 '24
Cenntro reported a revenue of 8.2M, which is a 145.2% 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 1.2M, marking a 8482.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 16M, a 43.8% 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 10M, showing a 6.8% 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 -9.2M, showing a 0.5% 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 -9M, showing a 2.6% 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 Cenntro with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
