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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 13M | 8% |
| Gross Profit | 5M | 37% |
| Cost of Revenue | 8.3M | 4.2% |
| Operating expense | 7.8M | 14.3% |
| Net Income | -3.5M | 41.6% |
| EBITDA | -2.7M | 54% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 71M | 43.9% |
| Total Liabilities | 48M | 2.9% |
| Total Equity | 23M | 10605% |
| Shares Outstanding | 124M | 2.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -6.5M | 109.8% |
| Cash from financing | 25M | 0% |
EPS
Financial Highlights for Kopin in Q3 '24
Kopin reported a revenue of 13M, which is a 8% 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 5M, marking a 37% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.3M, a -4.2% 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 7.8M, showing a -14.3% 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 -3.5M, showing a 41.6% 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 -2.7M, showing a 54% 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 Kopin with growth in revenue, gross profit, and net income.
