Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 21M | 9.5% |
| Gross Profit | 5.3M | 353.5% |
| Cost of Revenue | 16M | 12.6% |
| Operating expense | 3.2M | 37.5% |
| Net Income | 4.5M | 389.9% |
| EBITDA | 2.5M | 81% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.35B | 1% |
| Total Liabilities | 2.09B | 1.5% |
| Total Equity | 253M | 3.3% |
| Shares Outstanding | 14M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 11M | 79.4% |
| Cash from investing | 29M | 31.8% |
| Cash from financing | -36M | 52.2% |
EPS
Financial Highlights for LCNB in Q3 '24
LCNB reported a revenue of 21M, which is a 9.5% 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 5.3M, marking a 353.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 16M, a -12.6% 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 3.2M, showing a -37.5% 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 4.5M, showing a 389.9% 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 2.5M, showing a -81% 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 LCNB with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
