Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 32,000 | 60% |
| Gross Profit | -130,000 | 47.3% |
| Cost of Revenue | 160,000 | 39.2% |
| Operating expense | 8.1M | 22.5% |
| Net Income | -8M | 21.8% |
| EBITDA | -8.2M | 22.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 44M | 3.1% |
| Total Liabilities | 23M | 1.3% |
| Total Equity | 21M | 5.1% |
| Shares Outstanding | 8.4M | 29.8% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -6.4M | 19.4% |
| Cash from investing | 2.6M | 613.3% |
| Cash from financing | 5.4M | 4409.2% |
EPS
Financial Highlights for Aeye in Q2 '24
Aeye reported a revenue of 32,000, which is a 60% 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 -130,000, marking a 47.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 160,000, a -39.2% 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 8.1M, showing a -22.5% 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 -8M, showing a 21.8% 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 -8.2M, showing a 22.2% 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 Aeye with growth in revenue, gross profit, and net income.
