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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 15M | 8.4% |
| Gross Profit | 5.2M | 9.3% |
| Cost of Revenue | 16M | 1.9% |
| Operating expense | 6.8M | 0.4% |
| Net Income | -3.3M | 52.4% |
| EBITDA | -900,000 | 31.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 51M | 3.5% |
| Total Liabilities | 38M | 40.6% |
| Total Equity | 13M | 220.5% |
| Shares Outstanding | 940,000 | 87% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -970,000 | 24.7% |
| Cash from investing | -12,000 | 1.5% |
| Cash from financing | 1M | 371.6% |
EPS
Financial Highlights for Pineapple Energy in Q3 '24
Pineapple Energy reported a revenue of 15M, which is a 8.4% 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 5.2M, marking a 9.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 16M, a 1.9% 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 6.8M, showing a 0.4% 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 -3.3M, showing a 52.4% 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 -900,000, showing a 31.8% 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 Pineapple Energy with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
