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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 343M | 11.7% |
| Gross Profit | 136M | 22.8% |
| Cost of Revenue | 207M | 5.4% |
| Operating expense | 165M | 7.8% |
| Net Income | -48M | 21.4% |
| EBITDA | -14M | 56.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.52B | 3% |
| Total Liabilities | 1.39B | 1.2% |
| Total Equity | 132M | 18.5% |
| Shares Outstanding | 235M | 1.4% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -60M | 349.5% |
| Cash from investing | -15M | 80.6% |
| Cash from financing | -4.3M | 43.4% |
EPS
Financial Highlights for Infinera Corporation in Q2 '24
Infinera Corporation reported a revenue of 343M, which is a 11.7% 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 136M, marking a 22.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 207M, a 5.4% 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 165M, showing a 7.8% 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 -48M, showing a 21.4% 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 -14M, showing a 56.3% 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 Infinera Corporation with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
