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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 151M | 4.9% |
Gross Profit | 57M | 13% |
Cost of Revenue | 94M | 0.6% |
Operating expense | 11M | 12.6% |
Net Income | 45M | 12.5% |
EBITDA | 131M | 6.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 14.6B | 0% |
Total Liabilities | 12.9B | 0.2% |
Total Equity | 1.76B | 1.4% |
Shares Outstanding | 37M | 0.5% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 77M | 156% |
Cash from investing | -69,000 | 100% |
Cash from financing | -53M | 161% |
EPS
Financial Highlights for Enterprise Financial Services in Q2 '24
Enterprise Financial Services reported a revenue of 151M, which is a 4.9% 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 57M, marking a 13% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 94M, a 0.6% 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 11M, showing a -12.6% 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 45M, showing a 12.5% 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 131M, showing a 6.2% 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 Financial Services with growth in revenue, gross profit, and net income.