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Income Statement (USD)
Q3 '24 | QoQ | |
---|---|---|
Revenue | 1.07B | 2.6% |
Gross Profit | 386M | 2.9% |
Cost of Revenue | 870M | 3.9% |
Operating expense | 260M | 23.6% |
Net Income | 65M | 78% |
EBITDA | 152M | 93.1% |
Balance Sheet (USD)
Q3 '24 | QoQ | |
---|---|---|
Total Assets | 12.2B | 0.7% |
Total Liabilities | 7.61B | 0.5% |
Total Equity | 4.61B | 1.1% |
Shares Outstanding | 125M | 0% |
Cash Flow (USD)
Q3 '24 | QoQ | |
---|---|---|
Cash from operations | 56M | 80.7% |
Cash from investing | -16M | 2.5% |
Cash from financing | -186M | 15.7% |
EPS
Financial Highlights for FMC in Q3 '24
FMC reported a revenue of 1.07B, which is a 2.6% 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 386M, marking a -2.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 870M, a -3.9% 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 260M, showing a -23.6% 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 65M, showing a -78% 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 152M, showing a 93.1% 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.
FMC faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.