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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 94M | 23.4% |
| Gross Profit | 34M | 47.9% |
| Cost of Revenue | 60M | 12.8% |
| Operating expense | 28M | 1.9% |
| Net Income | 3.4M | 145.4% |
| EBITDA | 8.3M | 446.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 313M | 18.5% |
| Total Liabilities | 211M | 32.8% |
| Total Equity | 102M | 3.3% |
| Shares Outstanding | 20M | 3.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -23M | 83.2% |
| Cash from investing | -1.4M | 53.1% |
| Cash from financing | 24M | 140.3% |
EPS
Financial Highlights for Turtle Beach in Q3 '24
Turtle Beach reported a revenue of 94M, which is a 23.4% 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 34M, marking a 47.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 60M, a 12.8% 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 28M, showing a 1.9% 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 3.4M, showing a 145.4% 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 8.3M, showing a 446.6% 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 Turtle Beach with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
