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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 620,000 | 11.9% |
| Gross Profit | -62,000 | 59.2% |
| Cost of Revenue | 690,000 | 3.3% |
| Operating expense | 3.4M | 62.2% |
| Net Income | -3.4M | 52.2% |
| EBITDA | -3,504B | 157671987.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 9.8M | 19.4% |
| Total Liabilities | 710,000 | 45.3% |
| Total Equity | 9.1M | 22.1% |
| Shares Outstanding | 5.5M | 2.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1M | 13.4% |
| Cash from investing | 660,000 | 4213.3% |
| Cash from financing | -16,000 | 0% |
EPS
Financial Highlights for LQR House in Q3 '24
LQR House reported a revenue of 620,000, which is a 11.9% 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 -62,000, marking a 59.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 690,000, a -3.3% 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 3.4M, showing a 62.2% 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 -3.4M, showing a -52.2% 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 -3,504B, showing a -157671987.9% 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. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
