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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 2.2M | 0% |
| Gross Profit | 1.4M | 0% |
| Cost of Revenue | 800,000 | 0% |
| Operating expense | 10M | 8.6% |
| Net Income | -6.9M | 0% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 50M | 0% |
| Total Liabilities | 11M | 0% |
| Total Equity | 39M | 0% |
| Shares Outstanding | 24M | 0.2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -6.4M | 0.1% |
| Cash from financing | -680,000 | 29.5% |
EPS
Financial Highlights for Profound Medical Corp in Q2 '24
Profound Medical Corp reported a revenue of 2.2M, which is a 0% 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 1.4M, marking a 0% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 800,000, a 0% 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 10M, showing a 8.6% 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 -6.9M, showing a -0% 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.
Profound Medical Corp 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.
