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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 185M | 1.5% |
| Gross Profit | 18M | 16.1% |
| Cost of Revenue | 167M | 0.1% |
| Operating expense | 45M | 62.8% |
| Net Income | -40M | 58.3% |
| EBITDA | -45M | 55.7% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.99B | 0.4% |
| Total Liabilities | 1.02B | 3.5% |
| Total Equity | 968M | 4.3% |
| Shares Outstanding | 177M | 0% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 43M | 184.5% |
| Cash from financing | -7.2M | 94% |
Financial Highlights for Evotec in Q3 '24
Evotec reported a revenue of 185M, which is a 1.5% 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 18M, marking a 16.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 167M, a 0.1% 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 45M, showing a -62.8% 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 -40M, showing a 58.3% 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 -45M, showing a 55.7% 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 Evotec with growth in revenue, gross profit, and net income.
