Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 19M | 8.3% |
| Gross Profit | -3.4M | 62.3% |
| Cost of Revenue | 22M | 16.1% |
| Operating expense | 41M | 2.6% |
| Net Income | -12M | 61.2% |
| EBITDA | -19M | 6.8% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 150M | 8.7% |
| Total Liabilities | 184M | 4% |
| Shares Outstanding | 97M | 3.8% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -13M | 20.3% |
| Cash from investing | -10,000 | 98.9% |
| Cash from financing | 20M | 6% |
EPS
Financial Highlights for Getaround in Q2 '24
Getaround reported a revenue of 19M, which is a 8.3% 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 -3.4M, marking a 62.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 22M, a -16.1% 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 41M, showing a -2.6% 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 -12M, showing a 61.2% 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 -19M, showing a 6.8% 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 Getaround with growth in revenue, gross profit, and net income.
