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Income Statement (NONE)
Q4 '23 | QoQ | |
---|---|---|
Revenue | 88M | 100% |
Gross Profit | 2.2M | 100% |
Cost of Revenue | 86M | 100% |
Operating expense | 2.3M | 56.4% |
Net Income | -720,000 | 100% |
EBITDA | 310,000 | 921.1% |
Balance Sheet (NONE)
Q4 '23 | QoQ | |
---|---|---|
Total Assets | 65M | 0% |
Total Liabilities | 49M | 0% |
Total Equity | 16M | 0% |
Shares Outstanding | 10M | 0% |
Cash Flow (NONE)
Q4 '23 | QoQ | |
---|---|---|
Cash from operations | -1M | 100% |
Cash from financing | 3M | 100% |
EPS
Financial Highlights for ICZOOM in Q4 '23
ICZOOM reported a revenue of 88M, which is a 100% 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 2.2M, marking a 100% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 86M, a 100% 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 2.3M, showing a 56.4% 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 -720,000, showing a -100% 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 310,000, showing a 921.1% 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.
ICZOOM 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.