Similar companies
Income Statement (USD)
| Q3 '23 | QoQ | |
|---|---|---|
| Revenue | 72M | 8603% |
| Gross Profit | -33M | 50481.5% |
| Cost of Revenue | 105M | 13656.3% |
| Operating expense | 71M | 19.5% |
| Net Income | -95M | 15.3% |
| EBITDA | -69M | 0.7% |
Balance Sheet (USD)
| Q3 '23 | QoQ | |
|---|---|---|
| Total Assets | 2.38B | 37.3% |
| Total Liabilities | 2.04B | 56.1% |
| Total Equity | 338M | 20.3% |
| Shares Outstanding | 343M | 2.1% |
Cash Flow (USD)
| Q3 '23 | QoQ | |
|---|---|---|
| Cash from operations | -306M | 138.8% |
| Cash from investing | -41M | 55.5% |
| Cash from financing | 450M | 435.7% |
EPS
Financial Highlights for Fisker in Q3 '23
Fisker reported a revenue of 72M, which is a 8603% 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 -33M, marking a -50481.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 105M, a 13656.3% 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 71M, showing a -19.5% 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 -95M, showing a -15.3% 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 -69M, showing a 0.7% 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.
Fisker 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.
