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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 211M | 8.1% |
Gross Profit | 142M | 5.1% |
Cost of Revenue | 162M | 5.3% |
Operating expense | 131M | 2.3% |
Net Income | 12M | 7.1% |
EBITDA | 17M | 14.1% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 2.01B | 0.2% |
Total Liabilities | 524M | 2.1% |
Total Equity | 1.49B | 1% |
Shares Outstanding | 172M | 0% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 14M | 5.9% |
Cash from investing | -49M | 72.7% |
Cash from financing | -25M | 24% |
EPS
Financial Highlights for Cognex Corporation in Q1 '24
Cognex Corporation reported a revenue of 211M, which is a 8.1% 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 142M, marking a 5.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 162M, a 5.3% 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 131M, showing a 2.3% 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 12M, showing a 7.1% 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.
The company's EBITDA for the quarter was 17M, showing a 14.1% 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 Cognex Corporation with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.