Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 444M | 35.8% |
| Gross Profit | 161M | 41.2% |
| Cost of Revenue | 283M | 32.9% |
| Operating expense | 32M | 210.7% |
| Net Income | -220M | 654.9% |
| EBITDA | -112M | 173.6% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.45B | 8.6% |
| Total Liabilities | 3.38B | 12.7% |
| Total Equity | 70M | 60.7% |
| Shares Outstanding | 102M | 2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -187M | 54187.2% |
| Cash from investing | -50M | 70.4% |
| Cash from financing | 342M | 137.3% |
EPS
Financial Highlights for FTAI Aviation in Q2 '24
FTAI Aviation reported a revenue of 444M, which is a 35.8% 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 161M, marking a 41.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 283M, a 32.9% 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 32M, showing a 210.7% 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 -220M, showing a -654.9% 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 -112M, showing a -173.6% 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.
FTAI Aviation faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
