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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.25B | 487.3% |
| Gross Profit | 716M | 182.7% |
| Cost of Revenue | 531M | 2.4% |
| Operating expense | 258M | 4.8% |
| Net Income | 275M | 65.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 338B | 0.7% |
| Total Liabilities | 327B | 0.7% |
| Total Equity | 10.1B | 0.8% |
| Shares Outstanding | 76M | 1.2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.48B | 3.6% |
| Cash from investing | -1.91B | 4.6% |
| Cash from financing | -369M | 185.2% |
EPS
Financial Highlights for Jackson Financial in Q2 '24
Jackson Financial reported a revenue of 1.25B, which is a 487.3% 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 716M, marking a 182.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 531M, a -2.4% 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 258M, showing a -4.8% 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 275M, showing a -65.4% 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.
Jackson Financial faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
