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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 205M | 4.2% |
Gross Profit | 78M | 11% |
Cost of Revenue | 128M | 1.9% |
Operating expense | 313M | 377.4% |
Net Income | -259M | 10472% |
EBITDA | -230M | 2353.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1.18B | 20.6% |
Total Liabilities | 425M | 5.4% |
Total Equity | 753M | 27.2% |
Shares Outstanding | 88M | 1.5% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 25M | 43.9% |
Cash from investing | -3.2M | 184.2% |
Cash from financing | -60M | 538.2% |
EPS
Financial Highlights for Knowles in Q2 '24
Knowles reported a revenue of 205M, which is a 4.2% 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 78M, marking a 11% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 128M, a 1.9% 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 313M, showing a 377.4% 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 -259M, showing a -10472% 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 -230M, showing a -2353.9% 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.
Knowles 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. A decline in EBITDA signals potential operational challenges or increased costs.