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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 43M | 5.1% |
Gross Profit | 14M | 21.2% |
Cost of Revenue | 29M | 1.2% |
Operating expense | 7.3M | 2.2% |
Net Income | 9.5M | 11.8% |
EBITDA | -860,000 | 0.3% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 4.77B | 3.2% |
Total Liabilities | 4.43B | 3.3% |
Total Equity | 340M | 2.1% |
Shares Outstanding | 12M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 14M | 529.9% |
Cash from investing | -100M | 35.2% |
Cash from financing | 139M | 15.1% |
EPS
Financial Highlights for Enterprise Bancorp in Q2 '24
Enterprise Bancorp reported a revenue of 43M, which is a 5.1% 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 14M, marking a 21.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 29M, a -1.2% 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 7.3M, showing a -2.2% 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 9.5M, showing a 11.8% 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 -860,000, showing a -0.3% 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.
It was a positive quarter for Enterprise Bancorp with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.