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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 177M | 4.3% |
Gross Profit | 31M | 15.9% |
Cost of Revenue | 147M | 2.1% |
Operating expense | 105M | 2.4% |
Net Income | -3.4M | 79.3% |
EBITDA | 25M | 73.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1.47B | 1% |
Total Liabilities | 683M | 0.2% |
Total Equity | 784M | 2.1% |
Shares Outstanding | 185M | 0.8% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 24M | 79.9% |
Cash from investing | -4.9M | 36.4% |
Cash from financing | -22M | 76.4% |
EPS
Financial Highlights for EverCommerce in Q2 '24
EverCommerce reported a revenue of 177M, which is a 4.3% 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 31M, marking a 15.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 147M, a 2.1% 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 105M, showing a -2.4% 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 -3.4M, showing a 79.3% 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 25M, showing a 73.4% 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 EverCommerce with growth in revenue, gross profit, and net income.