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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 28M | 109.1% |
| Gross Profit | 2.7M | 323.8% |
| Cost of Revenue | 25M | 98.5% |
| Operating expense | 9.5M | 1.7% |
| Net Income | -17M | 25.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 329M | 3.1% |
| Total Liabilities | 43M | 7.5% |
| Total Equity | 286M | 4.5% |
| Shares Outstanding | 19M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -7.7M | 1576.7% |
| Cash from investing | -4.1M | 64.3% |
| Cash from financing | 17M | 2752% |
EPS
Financial Highlights for Piedmont Lithium in Q3 '24
Piedmont Lithium reported a revenue of 28M, which is a 109.1% 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 2.7M, marking a 323.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 25M, a 98.5% 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 9.5M, showing a 1.7% 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 -17M, showing a -25.2% 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.
Piedmont Lithium 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.
