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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 640M | 4.9% |
| Gross Profit | 45M | 223.1% |
| Cost of Revenue | 594M | 8.1% |
| Operating expense | 204M | 16.9% |
| Net Income | 14M | 116.2% |
| EBITDA | 65M | 23.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.05B | 1.7% |
| Total Liabilities | 1.8B | 2.8% |
| Total Equity | 250M | 7% |
| Shares Outstanding | 148M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 35M | 56.5% |
| Cash from investing | -3.8M | 69.1% |
| Cash from financing | -25M | 38.6% |
EPS
Financial Highlights for Gannett in Q2 '24
Gannett reported a revenue of 640M, which is a 4.9% 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 45M, marking a 223.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 594M, a -8.1% 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 204M, showing a -16.9% 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 14M, showing a 116.2% 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 65M, showing a 23.5% 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.
It was a positive quarter for Gannett with growth in revenue, gross profit, and net income.
