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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 7.7M | 9.3% |
| Gross Profit | 2M | 15.1% |
| Cost of Revenue | 5.6M | 7.4% |
| Operating expense | 3.7M | 7.6% |
| Net Income | -3.2M | 171.4% |
| EBITDA | -1.1M | 0.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 49M | 1.8% |
| Total Liabilities | 37M | 4.8% |
| Total Equity | 13M | 5.7% |
| Shares Outstanding | 2.4M | 72.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 78,000 | 117.6% |
| Cash from investing | -42,000 | 0% |
| Cash from financing | 2M | 442076% |
EPS
Financial Highlights for Eightco in Q3 '24
Eightco reported a revenue of 7.7M, which is a 9.3% 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 2M, marking a 15.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.6M, a 7.4% 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 3.7M, showing a 7.6% 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 -3.2M, showing a -171.4% 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 -1.1M, showing a 0.7% 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.
Eightco faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
