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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 51M | 15.1% |
Gross Profit | 2.6M | 139.6% |
Cost of Revenue | 48M | 5% |
Operating expense | 16M | 11.1% |
Net Income | 4.5M | 493.1% |
EBITDA | 77M | 13.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 10.8B | 1.2% |
Total Liabilities | 9.72B | 1.2% |
Total Equity | 1.05B | 0.8% |
Shares Outstanding | 105M | 0.3% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 19M | 31.4% |
Cash from investing | -104M | 112.4% |
Cash from financing | 103M | 794.6% |
EPS
Financial Highlights for Columbia Financial in Q2 '24
Columbia Financial reported a revenue of 51M, which is a 15.1% 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 2.6M, marking a 139.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 48M, a -5% 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 16M, showing a -11.1% 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 4.5M, showing a 493.1% 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 77M, showing a 13.2% 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 Columbia Financial with growth in revenue, gross profit, and net income.