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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 49M | 10.3% |
Gross Profit | 13M | 15.1% |
Cost of Revenue | 45M | 5.9% |
Operating expense | 7.9M | 1% |
Net Income | 3.8M | 55.9% |
EBITDA | 5.5M | 49.5% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 85M | 2.6% |
Total Liabilities | 17M | 11.8% |
Total Equity | 68M | 7% |
Shares Outstanding | 15M | 0.7% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 6.5M | 323.3% |
Cash from investing | -1.4M | 41.8% |
Cash from financing | -2.5M | 900% |
EPS
Financial Highlights for Lifeway Kefir in Q2 '24
Lifeway Kefir reported a revenue of 49M, which is a 10.3% 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 13M, marking a 15.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 45M, a 5.9% 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 7.9M, showing a -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 3.8M, showing a 55.9% 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 5.5M, showing a 49.5% 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 Lifeway Kefir with growth in revenue, gross profit, and net income.