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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 12M | 9.6% |
Gross Profit | 9.9M | 8.2% |
Cost of Revenue | 1.9M | 17.6% |
Operating expense | 24M | 23.9% |
Net Income | -14M | 36.8% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 96M | 9.6% |
Total Liabilities | 41M | 2.1% |
Total Equity | 55M | 16.6% |
Shares Outstanding | 22M | 0.6% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -9.8M | 9.8% |
Cash from investing | -360,000 | 61.3% |
Cash from financing | 470,000 | 65.3% |
EPS
Financial Highlights for CVRx in Q2 '24
CVRx reported a revenue of 12M, which is a 9.6% 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 9.9M, marking a 8.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.9M, a 17.6% 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 24M, showing a -23.9% 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 36.8% 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.
It was a positive quarter for CVRx with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.