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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 47M | 57.4% |
| Gross Profit | 19M | 331.3% |
| Cost of Revenue | 28M | 9.3% |
| Operating expense | 28M | 1706.6% |
| Net Income | 20M | 202.1% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 413M | 9.5% |
| Total Liabilities | 14M | 5.2% |
| Total Equity | 399M | 10.1% |
| Shares Outstanding | 29M | 24.9% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 21M | 306.8% |
| Cash from financing | 1.4M | 119% |
EPS
Financial Highlights for Imperial Petroleum in Q2 '24
Imperial Petroleum reported a revenue of 47M, which is a 57.4% 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 19M, marking a 331.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 28M, a 9.3% 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 28M, showing a 1706.6% 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 20M, showing a 202.1% 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 Imperial Petroleum 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.
