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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 22M | 5.6% |
| Gross Profit | 11M | 7.4% |
| Cost of Revenue | 11M | 3.8% |
| Operating expense | 28M | 40.9% |
| Net Income | -14M | 59.9% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 212M | 8.6% |
| Total Liabilities | 94M | 9% |
| Total Equity | 117M | 8.2% |
| Shares Outstanding | 203M | 1.6% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -15M | 95.6% |
| Cash from investing | -170,000 | 87.3% |
| Cash from financing | -740,000 | 309.4% |
EPS
Financial Highlights for Markforged in Q2 '24
Markforged reported a revenue of 22M, which is a 5.6% 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 11M, marking a 7.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 11M, a 3.8% 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 28M, showing a -40.9% 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 -14M, showing a 59.9% 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.
It was a positive quarter for Markforged with growth in revenue, gross profit, and net income.
