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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 111M | 4.6% |
Gross Profit | 47M | 18.5% |
Cost of Revenue | 93M | 7.4% |
Operating expense | 28M | 15.2% |
Net Income | 14M | 110.2% |
EBITDA | 18M | 123.9% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 289M | 1.2% |
Total Liabilities | 79M | 4.7% |
Total Equity | 210M | 3.6% |
Shares Outstanding | 57M | 0.4% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | -270,000 | 100.7% |
Cash from investing | -120,000 | 87.9% |
Cash from financing | -9.1M | 2412% |
EPS
Financial Highlights for Vita Coco in Q1 '24
Vita Coco reported a revenue of 111M, which is a 4.6% 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 47M, marking a 18.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 93M, a -7.4% 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 28M, showing a -15.2% 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 14M, showing a 110.2% 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 18M, showing a 123.9% 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 Vita Coco with growth in revenue, gross profit, and net income.