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Income Statement (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Gross Profit | -140,000 | 2.8% |
| Cost of Revenue | 140,000 | 2.8% |
| Operating expense | 20M | 19.4% |
| Net Income | -15M | 30.6% |
| EBITDA | -20M | 29.3% |
Balance Sheet (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 285M | 5.8% |
| Total Liabilities | 4.8M | 52.3% |
| Total Equity | 280M | 4.1% |
| Shares Outstanding | 20M | 97.4% |
Cash Flow (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -27M | 31.4% |
| Cash from financing | -240,000 | 100.1% |
Financial Highlights for Cybin in Q2 '24
Gross Profit stood at -140,000, marking a 2.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 140,000, a -2.8% 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 20M, showing a -19.4% 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 -15M, showing a 30.6% 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 -20M, showing a 29.3% 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.
The company's performance remained stable this quarter with no significant positive or negative changes in the key financial metrics.
