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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 192M | 21.9% |
Gross Profit | 18M | 17.7% |
Cost of Revenue | 197M | 18.6% |
Operating expense | 23M | 11.8% |
Net Income | -6.6M | 9% |
EBITDA | -6.5M | 432% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 414M | 13.9% |
Total Liabilities | 303M | 22.4% |
Total Equity | 111M | 4.3% |
Shares Outstanding | 33M | 1.5% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -15M | 32.8% |
Cash from investing | -4.6M | 189.9% |
Cash from financing | 20M | 1156.3% |
EPS
Financial Highlights for Orion Groups in Q2 '24
Orion Groups reported a revenue of 192M, which is a 21.9% 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 18M, marking a 17.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 197M, a 18.6% 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 23M, showing a 11.8% 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 -6.6M, showing a -9% 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 -6.5M, showing a -432% 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.
Orion Groups 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. A decline in EBITDA signals potential operational challenges or increased costs.