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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Operating expense | 630,000 | 28% |
| Net Income | -630,000 | 28.1% |
| EBITDA | -550,000 | 46% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 430,000 | 54.6% |
| Total Liabilities | 990,000 | 26.9% |
| Shares Outstanding | 3.6M | 26.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -900,000 | 128.3% |
| Cash from financing | 470,000 | 0% |
EPS
Financial Highlights for Minim in Q3 '24
Operating Expenses for this period were 630,000, showing a 28% 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 -630,000, showing a -28.1% 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 -550,000, showing a -46% 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.
Minim 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.
