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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.2M | 31% |
| Gross Profit | 2.3M | 294.2% |
| Cost of Revenue | 3.7M | 43.2% |
| Operating expense | 4M | 32.7% |
| Net Income | -2M | 66% |
| EBITDA | -1.4M | 70.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 12M | 8.4% |
| Total Liabilities | 7.2M | 5% |
| Total Equity | 5.2M | 34.9% |
| Shares Outstanding | 201M | 7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -3.3M | 37.6% |
| Cash from investing | -48,000 | 67.9% |
| Cash from financing | 3.2M | 42.7% |
EPS
Financial Highlights for KULR in Q3 '24
KULR reported a revenue of 3.2M, which is a 31% 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 2.3M, marking a 294.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.7M, a -43.2% 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 4M, showing a -32.7% 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 -2M, showing a 66% 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 -1.4M, showing a 70.9% 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 KULR with growth in revenue, gross profit, and net income.
