Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 42M | 0.1% |
| Gross Profit | 24M | 0.6% |
| Cost of Revenue | 18M | 0.6% |
| Operating expense | 36M | 0.5% |
| Net Income | -2.6M | 29.7% |
| EBITDA | 21M | 1.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.48B | 0.4% |
| Total Liabilities | 728M | 0.9% |
| Total Equity | 747M | 1.5% |
| Shares Outstanding | 40M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 18M | 19.3% |
| Cash from investing | -11M | 1.2% |
| Cash from financing | -7.5M | 81.9% |
EPS
Financial Highlights for City Office in Q3 '24
City Office reported a revenue of 42M, which is a 0.1% 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 24M, marking a 0.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 18M, a -0.6% 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 36M, showing a 0.5% 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 -2.6M, showing a 29.7% 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 21M, showing a -1.1% 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 City Office with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
