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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Operating expense | 260,000 | 2.1% |
| Net Income | 3.6M | 5.9% |
| EBITDA | -260,000 | 2.1% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 326M | 1.1% |
| Total Liabilities | 15M | 0.6% |
| Shares Outstanding | 38M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -150,000 | 216.8% |
EPS
Financial Highlights for Nabors Energy Transition in Q2 '24
Operating Expenses for this period were 260,000, showing a -2.1% 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 3.6M, showing a -5.9% 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.
The company's EBITDA for the quarter was -260,000, showing a 2.1% 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.
Nabors Energy Transition faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
