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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 169M | 8.3% |
Gross Profit | 20M | 16.1% |
Cost of Revenue | 149M | 7.3% |
Operating expense | 14M | 10.6% |
Net Income | 5.7M | 16% |
EBITDA | 9.1M | 6.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 602M | 4.2% |
Total Liabilities | 429M | 3.7% |
Total Equity | 173M | 5.3% |
Shares Outstanding | 30M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 10M | 1825% |
Cash from investing | -9.6M | 59.2% |
Cash from financing | -530,000 | 102.7% |
EPS
Financial Highlights for Pennant Group in Q2 '24
Pennant Group reported a revenue of 169M, which is a 8.3% 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 20M, marking a 16.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 149M, a 7.3% 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 14M, showing a 10.6% 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 5.7M, showing a 16% 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 9.1M, showing a -6.7% 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 Pennant Group with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.