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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 227M | 18% |
| Gross Profit | 27M | 48% |
| Cost of Revenue | 222M | 13% |
| Operating expense | 21M | 7.4% |
| Net Income | 4.3M | 164.5% |
| EBITDA | 6.8M | 205.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 430M | 3.9% |
| Total Liabilities | 288M | 5% |
| Total Equity | 142M | 28.2% |
| Shares Outstanding | 39M | 16.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 37M | 344.4% |
| Cash from investing | -2.6M | 43.2% |
| Cash from financing | -11M | 157.1% |
EPS
Financial Highlights for Orion Groups in Q3 '24
Orion Groups reported a revenue of 227M, which is a 18% 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 27M, marking a 48% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 222M, a 13% 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 21M, showing a -7.4% 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 4.3M, showing a 164.5% 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 6.8M, showing a 205.1% 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.
It was a positive quarter for Orion Groups with growth in revenue, gross profit, and net income.
