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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 211M | 3.9% |
| Gross Profit | 28M | 8.7% |
| Cost of Revenue | 206M | 3.1% |
| Operating expense | 28M | 1.3% |
| Net Income | -2.8M | 45.7% |
| EBITDA | 4.6M | 5064% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 976M | 3% |
| Total Liabilities | 279M | 10.2% |
| Total Equity | 697M | 0.3% |
| Shares Outstanding | 34M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 8.1M | 53.9% |
| Cash from investing | -5.9M | 107.3% |
| Cash from financing | -73,000 | 97% |
EPS
Financial Highlights for Ichor Systems in Q3 '24
Ichor Systems reported a revenue of 211M, 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 28M, marking a 8.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 206M, a 3.1% 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 1.3% 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 -2.8M, showing a 45.7% 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.
The company's EBITDA for the quarter was 4.6M, showing a 5064% 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 Ichor Systems with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
