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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 345M | 3.1% |
| Gross Profit | 107M | 3.1% |
| Cost of Revenue | 335M | 3% |
| Operating expense | 89M | 4% |
| Net Income | 4.8M | 11.6% |
| EBITDA | 40M | 2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.29B | 1% |
| Total Liabilities | 1.09B | 2.1% |
| Total Equity | 1.2B | 0.1% |
| Shares Outstanding | 42M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 14M | 47.3% |
| Cash from investing | -16M | 40.9% |
| Cash from financing | 9M | 421.4% |
EPS
Financial Highlights for Fox Factory Holding in Q3 '24
Fox Factory Holding reported a revenue of 345M, which is a 3.1% 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 107M, marking a -3.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 335M, a 3% 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 89M, showing a -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 4.8M, showing a -11.6% 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 40M, showing a 2% 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.
Fox Factory Holding faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
