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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 800,000 | 2.9% |
| Gross Profit | -3.7M | 28.9% |
| Cost of Revenue | 4.5M | 24.8% |
| Operating expense | 6M | 21.5% |
| Net Income | -3.9M | 41.3% |
| EBITDA | -5.7M | 20.8% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 19M | 21.3% |
| Total Liabilities | 16M | 9.5% |
| Total Equity | 3.3M | 49.7% |
| Shares Outstanding | 6.5M | 7.5% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -4M | 15.1% |
| Cash from investing | -12,000 | 70.2% |
| Cash from financing | 170,000 | 98% |
EPS
Financial Highlights for Nuvve Holding in Q2 '24
Nuvve Holding reported a revenue of 800,000, which is a 2.9% 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 -3.7M, marking a 28.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.5M, a -24.8% 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 6M, showing a -21.5% 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 -3.9M, showing a 41.3% 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 -5.7M, showing a 20.8% 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 Nuvve Holding with growth in revenue, gross profit, and net income.
