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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 82M | 4% |
| Gross Profit | 27M | 5.6% |
| Cost of Revenue | 55M | 3.2% |
| Operating expense | 2.8M | 0.5% |
| Net Income | 29M | 8.9% |
| EBITDA | 25M | 72% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 8.87B | 3.2% |
| Total Liabilities | 7.94B | 3.2% |
| Total Equity | 936M | 3.2% |
| Shares Outstanding | 17M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 26M | 860% |
| Cash from investing | -251M | 205.2% |
| Cash from financing | 236M | 272.4% |
EPS
Financial Highlights for QCRs in Q2 '24
QCRs reported a revenue of 82M, which is a 4% 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 27M, marking a 5.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 55M, a 3.2% 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 2.8M, showing a -0.5% 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 29M, showing a 8.9% 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 25M, showing a -72% 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 QCRs with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
