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Income Statement (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Revenue | 19M | 30.1% |
| Gross Profit | 13M | 182.4% |
| Cost of Revenue | 6.2M | 39.1% |
| Operating expense | 15M | 159.7% |
| Net Income | -5.6M | 42.4% |
| EBITDA | -2.4M | 278.8% |
Balance Sheet (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 57M | 12.6% |
| Total Liabilities | 115M | 4.7% |
| Shares Outstanding | 14M | 7.8% |
Cash Flow (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Cash from operations | -5.7M | 47.5% |
EPS
Financial Highlights for Greenidge Generation in Q1 '25
Greenidge Generation reported a revenue of 19M, which is a 30.1% 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 13M, marking a 182.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 6.2M, a -39.1% 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 15M, showing a 159.7% 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 -5.6M, showing a -42.4% 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 -2.4M, showing a -278.8% 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.
Greenidge Generation 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.
