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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.11B | 3.3% |
Gross Profit | 721M | 8.1% |
Cost of Revenue | 391M | 4.4% |
Operating expense | 2.36B | 203.1% |
Net Income | -1.99B | 1477.8% |
EBITDA | -1.59B | 3685.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 6.08B | 39.4% |
Total Liabilities | 4.65B | 7.9% |
Total Equity | 1.44B | 75% |
Shares Outstanding | 159M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 80M | 3.9% |
Cash from investing | -41M | 14.6% |
Cash from financing | -226M | 745.7% |
EPS
Financial Highlights for Illumina in Q2 '24
Illumina reported a revenue of 1.11B, which is a 3.3% 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 721M, marking a 8.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 391M, a -4.4% 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 2.36B, showing a 203.1% 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 -1.99B, showing a -1477.8% 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 -1.59B, showing a -3685.7% 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.
Illumina faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.