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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 100,000 | 225% |
| Gross Profit | -200,000 | 57.8% |
| Cost of Revenue | 310,000 | 91.3% |
| Operating expense | 7.6M | 6% |
| Net Income | -8.7M | 9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 26M | 40.1% |
| Total Liabilities | 11M | 50.6% |
| Total Equity | 15M | 28.4% |
| Shares Outstanding | 8.9M | 6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -7.6M | 19.1% |
| Cash from investing | 150,000 | 94.4% |
| Cash from financing | -88,000 | 101.6% |
EPS
Financial Highlights for Aeye in Q3 '24
Aeye reported a revenue of 100,000, which is a 225% 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 -200,000, marking a -57.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 310,000, a 91.3% 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 7.6M, showing a -6% 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 -8.7M, showing a -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.
Aeye faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
