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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 59M | 0.9% |
| Gross Profit | 50M | 6.1% |
| Cost of Revenue | 8.3M | 22% |
| Operating expense | 9.7M | 25.1% |
| Net Income | -1.2M | 49.5% |
| EBITDA | -1.9M | 32.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 167M | 1.3% |
| Total Liabilities | 24M | 5.9% |
| Total Equity | 143M | 0.5% |
| Shares Outstanding | 20M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.9M | 112.8% |
| Cash from investing | 2.1M | 84.8% |
EPS
Financial Highlights for KVH Industries in Q3 '24
KVH Industries reported a revenue of 59M, which is a 0.9% 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 50M, marking a 6.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.3M, a -22% 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 9.7M, showing a -25.1% 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 -1.2M, showing a 49.5% 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 -1.9M, showing a 32.2% 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 KVH Industries with growth in revenue, gross profit, and net income.
