Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 59M | 25.7% |
| Gross Profit | 39M | 69.8% |
| Cost of Revenue | 19M | 17.9% |
| Operating expense | -2.9M | 202.4% |
| Net Income | 41M | 103.7% |
| EBITDA | 50M | 82.1% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 548M | 17.5% |
| Total Liabilities | 228M | 24.4% |
| Total Equity | 320M | 13.1% |
| Shares Outstanding | 7M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 34M | 35.8% |
| Cash from financing | 54M | 315.2% |
EPS
Financial Highlights for Euroseas in Q2 '24
Euroseas reported a revenue of 59M, which is a 25.7% 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 39M, marking a 69.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 19M, a -17.9% 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 -2.9M, showing a -202.4% 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 41M, showing a 103.7% 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 50M, showing a 82.1% 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 Euroseas with growth in revenue, gross profit, and net income.
