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| Company | Revenue | |
|---|---|---|
 |
AccentureACN |
16.5B 4.2% |
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 4.1M | 7.9% |
| Gross Profit | 240,000 | 9.5% |
| Cost of Revenue | 3.9M | 8.4% |
| Operating expense | 4.2M | 13.8% |
| Net Income | -4.4M | 5.9% |
| EBITDA | -3.9M | 15.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 4.1M | 8.6% |
| Total Liabilities | 63M | 1.3% |
| Shares Outstanding | 6.8M | 25.2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -3.9M | 164.1% |
| Cash from financing | 4.2M | 0% |
EPS
Financial Highlights for ShiftPixy in Q2 '24
ShiftPixy reported a revenue of 4.1M, which is a 7.9% 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 240,000, marking a 9.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.9M, a 8.4% 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 4.2M, showing a -13.8% 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 -4.4M, showing a 5.9% 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 -3.9M, showing a 15.3% 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 ShiftPixy with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
