97M 1.3%
Total Revenue QoQ (USD) - Q3 '23

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Income Statement (USD)

Q3 '23 QoQ
Revenue 97M 1.3%
Gross Profit 23M 8.1%
Cost of Revenue 74M 4.7%
Operating expense 47M 20.2%
Net Income -24M 31.3%
EBITDA -20M 27.3%

Balance Sheet (USD)

Q3 '23 QoQ
Total Assets 453M 3.6%
Total Liabilities 300M 1.8%
Total Equity 154M 12.7%
Shares Outstanding 226M 1%

Cash Flow (USD)

Q3 '23 QoQ
Cash from operations -11M 13.5%
Cash from investing -2.3M 115.4%
Cash from financing 4.9M 1366.8%

EPS

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Financial Highlights for Edgio in Q3 '23

Edgio reported a revenue of 97M, which is a 1.3% 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 23M, marking a -8.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 74M, a 4.7% 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 47M, showing a -20.2% 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 -24M, showing a 31.3% 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 27.3% 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.

Edgio faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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