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Income Statement (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Revenue | 13M | 107.5% |
| Gross Profit | 690,000 | 103.8% |
| Cost of Revenue | 13M | 48.2% |
| Operating expense | 9.9M | 15.8% |
| Net Income | -24M | 7% |
Balance Sheet (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Total Assets | 335M | 12.1% |
| Total Liabilities | 24M | 50.7% |
| Total Equity | 311M | 6.4% |
| Shares Outstanding | 19M | 0.5% |
Cash Flow (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Cash from operations | -28M | 638.9% |
| Cash from investing | 29M | 252.2% |
| Cash from financing | -660,000 | 703.7% |
EPS
Financial Highlights for Piedmont Lithium in Q1 '24
Piedmont Lithium reported a revenue of 13M, which is a 107.5% 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 690,000, marking a 103.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 13M, a -48.2% 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 9.9M, showing a -15.8% 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 -24M, showing a 7% 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.
It was a positive quarter for Piedmont Lithium with growth in revenue, gross profit, and net income.