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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 181M | 25.4% |
| Gross Profit | 56M | 77.5% |
| Cost of Revenue | 166M | 3% |
| Operating expense | -39M | 150% |
| Net Income | 85M | 288.3% |
| EBITDA | 96M | 372.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 863M | 14.4% |
| Total Liabilities | 312M | 6% |
| Total Equity | 550M | 19.8% |
| Shares Outstanding | 29M | 0.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 108M | 483.8% |
| Cash from investing | -11M | 601.5% |
| Cash from financing | -31,000 | 99.8% |
EPS
Financial Highlights for Netgear in Q3 '24
Netgear reported a revenue of 181M, which is a 25.4% 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 56M, marking a 77.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 166M, 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 -39M, showing a -150% 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 85M, showing a 288.3% 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 96M, showing a 372.6% 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 Netgear with growth in revenue, gross profit, and net income.
