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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 59M | 31.4% |
Gross Profit | 23M | 32.5% |
Cost of Revenue | 36M | 30.7% |
Operating expense | 21M | 8.5% |
Net Income | 620,000 | 114% |
EBITDA | 6.4M | 225.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 150M | 22.5% |
Total Liabilities | 251M | 10.4% |
Shares Outstanding | 12M | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 29M | 532.5% |
Cash from investing | -1.8M | 211.8% |
Cash from financing | 10M | 1645.3% |
EPS
Financial Highlights for Inseego in Q2 '24
Inseego reported a revenue of 59M, which is a 31.4% 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 23M, marking a 32.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 36M, a 30.7% 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 21M, showing a 8.5% 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 620,000, showing a 114% 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 6.4M, showing a 225.9% 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 Inseego with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.