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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 8.5M | 7.9% |
| Gross Profit | 3.5M | 55.2% |
| Cost of Revenue | 5M | 11.4% |
| Operating expense | 8M | 29% |
| Net Income | -4.8M | 165.5% |
| EBITDA | -2.5M | 65.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 70M | 6.8% |
| Total Liabilities | 18M | 1.3% |
| Total Equity | 51M | 8.6% |
| Shares Outstanding | 22M | 75.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -670,000 | 93.7% |
| Cash from investing | -7.7M | 0% |
| Cash from financing | -690,000 | 101.9% |
EPS
Financial Highlights for Greenwave Technology Solutions in Q3 '24
Greenwave Technology Solutions reported a revenue of 8.5M, which is a 7.9% 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 3.5M, marking a 55.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5M, a -11.4% 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 8M, showing a -29% 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 -4.8M, showing a -165.5% 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 -2.5M, showing a 65.7% 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.
Greenwave Technology Solutions faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
