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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.28B | 34.8% |
| Gross Profit | 754M | 120.5% |
| Cost of Revenue | 529M | 13.3% |
| Operating expense | 139M | 155.3% |
| Net Income | -301M | 3260.9% |
| EBITDA | 337M | 169.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 39.9B | 61.7% |
| Total Liabilities | 19.5B | 103.1% |
| Total Equity | 20.3B | 34.5% |
| Shares Outstanding | 560M | 26.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 593M | 84.1% |
| Cash from investing | -1.28B | 311.2% |
| Cash from financing | 749M | 219.3% |
EPS
Financial Highlights for EQT in Q3 '24
EQT reported a revenue of 1.28B, which is a 34.8% 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 754M, marking a 120.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 529M, a -13.3% 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 139M, showing a 155.3% 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 -301M, showing a -3260.9% 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 337M, showing a 169.3% 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.
EQT faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
