Similar companies
Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 45M | 8.9% |
| Gross Profit | 17M | 22.9% |
| Cost of Revenue | 27M | 1.6% |
| Operating expense | 17M | 11.1% |
| Net Income | -5.4M | 292.8% |
| EBITDA | 7.3M | 23.1% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 408M | 15% |
| Total Liabilities | 102M | 73% |
| Total Equity | 306M | 3.4% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 8.9M | 338.4% |
| Cash from financing | 41M | 57.4% |
Financial Highlights for Organigram in Q3 '24
Organigram reported a revenue of 45M, which is a 8.9% 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 17M, marking a 22.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 27M, a 1.6% 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 17M, showing a -11.1% 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 -5.4M, showing a -292.8% 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 7.3M, showing a 23.1% 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.
Organigram faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
