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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 123M | 12.5% |
Gross Profit | 34M | 117.9% |
Cost of Revenue | 89M | 5% |
Operating expense | 19M | 18.2% |
Net Income | 27M | 2.3% |
EBITDA | 21M | 84.1% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 11.9B | 3.2% |
Total Liabilities | 10.9B | 3.1% |
Total Equity | 961M | 3.6% |
Shares Outstanding | 45M | 0.5% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 84M | 7.7% |
Cash from investing | -386M | 38.4% |
Cash from financing | 320M | 57.8% |
EPS
Financial Highlights for Live Oak Bancshares in Q2 '24
Live Oak Bancshares reported a revenue of 123M, which is a 12.5% 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 34M, marking a 117.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 89M, a -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 19M, showing a -18.2% 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 27M, showing a -2.3% 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 21M, showing a -84.1% 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.
Live Oak Bancshares faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.