Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 159M | 15.5% |
| Gross Profit | 86M | 14.4% |
| Cost of Revenue | 156M | 15.2% |
| Operating expense | 83M | 11.9% |
| Net Income | 3.7M | 28.7% |
| EBITDA | 7M | 7.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 759M | 1% |
| Total Liabilities | 253M | 2% |
| Total Equity | 504M | 0.5% |
| Shares Outstanding | 22M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -18M | 1.3% |
| Cash from investing | -3.5M | 26.8% |
| Cash from financing | -7.8M | 21.4% |
EPS
Financial Highlights for Movado in Q3 '24
Movado reported a revenue of 159M, which is a 15.5% 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 86M, marking a 14.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 156M, a 15.2% 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 83M, showing a 11.9% 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 3.7M, showing a 28.7% 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 7M, showing a -7.6% 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 Movado with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
