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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 560,000 | 16% |
| Gross Profit | -150,000 | 91.4% |
| Cost of Revenue | 710,000 | 26.7% |
| Operating expense | 2.1M | 11.3% |
| Net Income | -2.2M | 9% |
| EBITDA | -2.3M | 8% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 12M | 5.3% |
| Total Liabilities | 490,000 | 2.9% |
| Total Equity | 12M | 5.4% |
| Shares Outstanding | 5.4M | 16.2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.2M | 14.5% |
| Cash from investing | 15,000 | 100.5% |
EPS
Financial Highlights for LQR House in Q2 '24
LQR House reported a revenue of 560,000, which is a 16% 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 -150,000, marking a -91.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 710,000, a 26.7% 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 2.1M, showing a -11.3% 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 -2.2M, 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.
The company's EBITDA for the quarter was -2.3M, showing a 8% 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.
LQR House faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
