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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 212M | 5.2% |
| Gross Profit | 85M | 2.5% |
| Cost of Revenue | 159M | 7% |
| Operating expense | 67M | 3.7% |
| Net Income | 19M | 3.4% |
| EBITDA | 18M | 0.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.15B | 0.2% |
| Total Liabilities | 199M | 4.6% |
| Total Equity | 955M | 0.7% |
| Shares Outstanding | 77M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 27M | 22.2% |
| Cash from investing | -16M | 163.7% |
| Cash from financing | -27M | 443.8% |
EPS
Financial Highlights for FormFactor in Q3 '24
FormFactor reported a revenue of 212M, which is a 5.2% 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 85M, marking a -2.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 159M, a 7% 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 67M, showing a -3.7% 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 19M, showing a -3.4% 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 18M, showing a 0.5% 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.
FormFactor faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
