Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 256M | 14.7% |
| Gross Profit | 65M | 42.1% |
| Cost of Revenue | 191M | 7.7% |
| Operating expense | 26M | 26% |
| Net Income | 29M | 108.8% |
| EBITDA | 41M | 38% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 703M | 6.8% |
| Total Liabilities | 282M | 11.8% |
| Total Equity | 421M | 3.7% |
| Shares Outstanding | 21M | 0.3% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 18M | 58% |
| Cash from investing | -36M | 122.1% |
| Cash from financing | 20M | 181.9% |
EPS
Financial Highlights for Hawkins in Q2 '24
Hawkins reported a revenue of 256M, which is a 14.7% 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 65M, marking a 42.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 191M, a 7.7% 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 26M, showing a -26% 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 29M, showing a 108.8% 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 41M, showing a 38% 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 Hawkins with growth in revenue, gross profit, and net income.
