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Income Statement (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Revenue | 169M | 14.3% |
| Gross Profit | 144M | 77.7% |
| Cost of Revenue | 25M | 62.6% |
| Operating expense | 24M | 64.3% |
| Net Income | 12M | 120.2% |
| EBITDA | 32M | 199% |
Balance Sheet (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Total Assets | 706M | 8.9% |
| Total Liabilities | 552M | 12.9% |
| Total Equity | 155M | 8.5% |
| Shares Outstanding | 41M | 0.6% |
Cash Flow (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Cash from operations | 16M | 307% |
| Cash from investing | 48M | 2.8% |
| Cash from financing | -62M | 11.1% |
EPS
Financial Highlights for Mesa Air Group in Q1 '24
Mesa Air Group reported a revenue of 169M, which is a 14.3% 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 144M, marking a 77.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 25M, a -62.6% 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 24M, showing a -64.3% 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 12M, showing a 120.2% 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 32M, showing a 199% 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 Mesa Air Group with growth in revenue, gross profit, and net income.