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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 807M | 163.7% |
Gross Profit | 545M | 2927.8% |
Cost of Revenue | 262M | 9% |
Operating expense | 323M | 3.3% |
Net Income | 82M | 22.4% |
EBITDA | 202M | 11% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 5.59B | 0.6% |
Total Liabilities | 4.75B | 0.7% |
Total Equity | 835M | 9.2% |
Shares Outstanding | 90M | 0% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 171M | 2.4% |
Cash from investing | -71M | 16.4% |
Cash from financing | -65M | 87.9% |
EPS
Financial Highlights for Light & Wonder in Q1 '24
Light & Wonder reported a revenue of 807M, which is a 163.7% 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 545M, marking a 2927.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 262M, a -9% 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 323M, showing a -3.3% 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 82M, showing a 22.4% 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 202M, showing a 11% 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 Light & Wonder with growth in revenue, gross profit, and net income.