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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 240M | 3.9% |
| Gross Profit | 77M | 9.5% |
| Cost of Revenue | 163M | 1.4% |
| Operating expense | 210M | 296.7% |
| Net Income | 30M | 25.7% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.67B | 1.9% |
| Total Liabilities | 811M | 4% |
| Total Equity | 857M | 0.1% |
| Shares Outstanding | 349M | 99.7% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 27M | 61.1% |
| Cash from financing | -25M | 71.2% |
EPS
Financial Highlights for Himax Technologies in Q2 '24
Himax Technologies reported a revenue of 240M, which is a 3.9% 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 77M, marking a 9.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 163M, a 1.4% 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 210M, showing a 296.7% 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 30M, showing a 25.7% 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.
It was a positive quarter for Himax Technologies with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
