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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 610M | 0.5% |
| Gross Profit | 210M | 0.4% |
| Cost of Revenue | 490M | 0.2% |
| Operating expense | 136M | 7% |
| Net Income | 78M | 51.9% |
| EBITDA | 92M | 25.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.37B | 2.5% |
| Total Liabilities | 2B | 1.3% |
| Total Equity | 1.35B | 8.8% |
| Shares Outstanding | 45M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 65M | 26.3% |
| Cash from investing | -6.6M | 1.6% |
| Cash from financing | -750,000 | 100.1% |
EPS
Financial Highlights for Itron in Q3 '24
Itron reported a revenue of 610M, which is a 0.5% 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 210M, marking a -0.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 490M, a -0.2% 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 136M, showing a -7% 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 78M, showing a 51.9% 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 92M, showing a 25.4% 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.
Itron faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
