Similar companies
| Company | Revenue | |
|---|---|---|
| No data for previous quarter available yet. | ||
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 157M | 18.1% |
| Gross Profit | 92M | 28.2% |
| Cost of Revenue | 64M | 6% |
| Operating expense | 101M | 12.1% |
| Net Income | -5.9M | 54.8% |
| EBITDA | -3.8M | 71.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 481M | 0.8% |
| Total Liabilities | 279M | 2.6% |
| Total Equity | 202M | 1.6% |
| Shares Outstanding | 16M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 6.2M | 188.2% |
| Cash from investing | -6.2M | 15.1% |
| Cash from financing | -220,000 | 37.9% |
EPS
Financial Highlights for Lovesac in Q3 '24
Lovesac reported a revenue of 157M, which is a 18.1% 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 92M, marking a 28.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 64M, a 6% 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 101M, showing a 12.1% 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 -5.9M, showing a 54.8% 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 -3.8M, showing a 71.7% 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 Lovesac with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
