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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 66M | 23.4% |
Gross Profit | 5M | 1089% |
Cost of Revenue | 61M | 12.9% |
Operating expense | 26M | 7.7% |
Net Income | 55,000 | 105.8% |
EBITDA | -750,000 | 86.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 409M | 3.4% |
Total Liabilities | 137M | 9.7% |
Total Equity | 63M | 3.8% |
Shares Outstanding | 16M | 3.3% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 14M | 274.4% |
Cash from investing | -4.7M | 15.6% |
Cash from financing | -6M | 41.2% |
EPS
Financial Highlights for Viant Technology in Q2 '24
Viant Technology reported a revenue of 66M, which is a 23.4% 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 5M, marking a 1089% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 61M, a 12.9% 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 26M, showing a 7.7% 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 55,000, showing a 105.8% 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.
The company's EBITDA for the quarter was -750,000, showing a 86.7% 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 Viant Technology with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.