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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 76M | 2.5% |
| Gross Profit | 18M | 6% |
| Cost of Revenue | 58M | 5.5% |
| Operating expense | 770,000 | 95.7% |
| Net Income | -3.8M | 70.6% |
| EBITDA | 41M | 29% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.59B | 5.1% |
| Total Liabilities | 1B | 9.1% |
| Shares Outstanding | 34M | 0% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 35M | 5.1% |
| Cash from financing | -25M | 7.4% |
EPS
Financial Highlights for KNOT Offshore Partners in Q3 '24
KNOT Offshore Partners reported a revenue of 76M, which is a 2.5% 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 18M, marking a -6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 58M, a 5.5% 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 770,000, showing a -95.7% 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 -3.8M, showing a 70.6% 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 41M, showing a 29% 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.
KNOT Offshore Partners faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
