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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 37M | 2.1% |
Gross Profit | 28M | 1.2% |
Cost of Revenue | 8.9M | 4.8% |
Operating expense | 31M | 9.4% |
Net Income | 4.5M | 216.5% |
EBITDA | 7.3M | 115.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 320M | 0.5% |
Total Liabilities | 279M | 1.3% |
Total Equity | 41M | 14.1% |
Shares Outstanding | 11M | 0.5% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 7.1M | 16.7% |
Cash from investing | 2M | 117% |
Cash from financing | -120,000 | 58.4% |
EPS
Financial Highlights for Kingstone Companies in Q2 '24
Kingstone Companies reported a revenue of 37M, which is a 2.1% 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 28M, marking a 1.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.9M, a 4.8% 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 31M, showing a -9.4% 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 4.5M, showing a 216.5% 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 7.3M, showing a 115.9% 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 Kingstone Companies with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.