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Income Statement (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Revenue | 15M | 19.8% |
| Gross Profit | 4.6M | 37.6% |
| Cost of Revenue | 10M | 105.8% |
| Operating expense | 5.9M | 50.5% |
| Net Income | -3.9M | 38.7% |
| EBITDA | 1.3M | 121.1% |
Balance Sheet (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Total Assets | 65M | 8.3% |
| Total Liabilities | 121M | 2.3% |
| Shares Outstanding | 11M | 5.4% |
Cash Flow (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Cash from operations | -3.9M | 133.2% |
| Cash from financing | 4.2M | 159.7% |
EPS
Financial Highlights for Greenidge Generation in Q4 '24
Greenidge Generation reported a revenue of 15M, which is a 19.8% 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 4.6M, marking a -37.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 10M, a 105.8% 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 5.9M, showing a -50.5% 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 -3.9M, showing a 38.7% 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 1.3M, showing a 121.1% 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. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
