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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 317M | 85.5% |
| Gross Profit | 235M | 171.6% |
| Cost of Revenue | 83M | 2.3% |
| Operating expense | 180M | 10.9% |
| Net Income | 21M | 140.2% |
| EBITDA | 113M | 361% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 9.9B | 2.8% |
| Total Liabilities | 6.87B | 3.7% |
| Total Equity | 2.97B | 0.8% |
| Shares Outstanding | 50M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -18M | 89.8% |
| Cash from investing | -95M | 28.4% |
| Cash from financing | 126M | 50.7% |
EPS
Financial Highlights for Howard Hughes Corporation in Q2 '24
Howard Hughes Corporation reported a revenue of 317M, which is a 85.5% 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 235M, marking a 171.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 83M, a -2.3% 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 180M, showing a 10.9% 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 21M, showing a 140.2% 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 113M, showing a 361% 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 Howard Hughes Corporation with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
