98M 2.6%
Total Revenue QoQ (USD) - Q2 '24

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Income Statement (USD)

Q2 '24 QoQ
Revenue 98M 2.6%
Gross Profit 35M 14.4%
Cost of Revenue 62M 3%
Operating expense 6.1M 22.6%
Net Income 22M 43.5%
EBITDA 29M 20.9%

Balance Sheet (USD)

Q2 '24 QoQ
Total Assets 862M 0.9%
Total Liabilities 336M 1.5%
Total Equity 526M 0.5%
Shares Outstanding 209M 0%

Cash Flow (USD)

Q2 '24 QoQ
Cash from operations 33M 12.8%
Cash from financing -33M 60.8%

EPS

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Financial Highlights for Nordic American Tankers in Q2 '24

Nordic American Tankers reported a revenue of 98M, which is a 2.6% 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 35M, marking a 14.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 62M, a -3% 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 6.1M, showing a -22.6% 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 22M, showing a 43.5% 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 29M, showing a -20.9% 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 Nordic American Tankers with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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