Similar companies
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 42M | 895.2% |
Gross Profit | 22M | 121.2% |
Cost of Revenue | 19M | 15.5% |
Operating expense | 15M | 51.9% |
Net Income | -8.2M | 94% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 900M | 3.5% |
Total Liabilities | 664M | 3.6% |
Total Equity | 236M | 3% |
Shares Outstanding | 23M | 87.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -43M | 47.4% |
Cash from investing | -9.2M | 48.4% |
EPS
Financial Highlights for Li-Cycle in Q2 '24
Li-Cycle reported a revenue of 42M, which is a 895.2% 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 22M, marking a 121.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 19M, a 15.5% 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 15M, showing a -51.9% 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 -8.2M, showing a 94% 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.
It was a positive quarter for Li-Cycle with growth in revenue, gross profit, and net income.