Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 3.4M | 62.1% |
| Gross Profit | 3M | 84.7% |
| Cost of Revenue | 410,000 | 14.3% |
| Operating expense | 3.6M | 12.7% |
| Net Income | 10M | 214.1% |
| EBITDA | -590,000 | 75.8% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 408M | 0.6% |
| Total Liabilities | 254M | 3.2% |
| Total Equity | 154M | 3.9% |
| Shares Outstanding | 13M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 13M | 45.8% |
| Cash from financing | -14M | 71.2% |
EPS
Financial Highlights for OFS Capital in Q2 '24
OFS Capital reported a revenue of 3.4M, which is a 62.1% 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 3M, marking a 84.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 410,000, a -14.3% 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 3.6M, showing a -12.7% 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 10M, showing a 214.1% 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 -590,000, showing a 75.8% 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 OFS Capital with growth in revenue, gross profit, and net income.
