Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 10M | 2.8% |
| Gross Profit | 3.4M | 22.2% |
| Cost of Revenue | 6.8M | 4.7% |
| Operating expense | 1.6M | 9.1% |
| Net Income | 1.9M | 2.7% |
| EBITDA | 2.7M | 1561.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.26B | 1.2% |
| Total Liabilities | 1.13B | 1.3% |
| Total Equity | 130M | 0.3% |
| Shares Outstanding | 6.8M | 1.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.6M | 438.5% |
| Cash from investing | 10M | 43.7% |
| Cash from financing | -16M | 10.3% |
EPS
Financial Highlights for Provident Financials in Q3 '24
Provident Financials reported a revenue of 10M, which is a 2.8% 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 3.4M, marking a 22.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 6.8M, a -4.7% 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 1.6M, showing a -9.1% 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 1.9M, showing a -2.7% 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.
The company's EBITDA for the quarter was 2.7M, showing a 1561.4% 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.
Provident Financials faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
