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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 11M | 3851.3% |
| Gross Profit | -21M | 3.7% |
| Cost of Revenue | 32M | 31.9% |
| Operating expense | 3.8M | 87.4% |
| Net Income | -78M | 28.5% |
| EBITDA | -25M | 4.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 449M | 1.9% |
| Total Liabilities | 292M | 5.5% |
| Total Equity | 157M | 5.4% |
| Shares Outstanding | 31M | 93% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -23M | 74.9% |
| Cash from investing | -300,000 | 0% |
| Cash from financing | 29M | 107.7% |
EPS
Financial Highlights for Faraday Future in Q3 '24
Faraday Future reported a revenue of 11M, which is a 3851.3% 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 -21M, marking a -3.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 32M, a -31.9% 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 3.8M, showing a -87.4% 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 -78M, showing a 28.5% 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 -4.9% 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.
Faraday Future faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
