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Income Statement (NONE)
| Q2 '23 | QoQ | |
|---|---|---|
| Revenue | 4.5M | 652.1% |
| Gross Profit | 770,000 | 419.7% |
| Cost of Revenue | 3.7M | 729.4% |
| Operating expense | 21M | 10.1% |
| Net Income | -32M | 38.6% |
| EBITDA | -21M | 12.5% |
Balance Sheet (NONE)
| Q2 '23 | QoQ | |
|---|---|---|
| Total Assets | 1.29B | 744.8% |
| Total Liabilities | 479M | 544.6% |
| Total Equity | 670M | 799.4% |
| Shares Outstanding | 900,000 | 141.3% |
Cash Flow (NONE)
| Q2 '23 | QoQ |
|---|
Financial Highlights for Fresh2 Group in Q2 '23
Fresh2 Group reported a revenue of 4.5M, which is a 652.1% 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 770,000, marking a 419.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.7M, a 729.4% 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 21M, showing a -10.1% 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 -32M, showing a -38.6% 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 -21M, showing a 12.5% 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.
Fresh2 Group 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.
