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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 41M | 18.5% |
| Gross Profit | 26M | 22.8% |
| Cost of Revenue | 15M | 11.7% |
| Operating expense | 16M | 2.2% |
| Net Income | 190,000 | 153.4% |
| EBITDA | 6.8M | 11.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 778M | 1.3% |
| Total Liabilities | 419M | 1.3% |
| Total Equity | 358M | 1.4% |
| Shares Outstanding | 65M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 13M | 55.6% |
| Cash from investing | -8.8M | 363.6% |
| Cash from financing | 77,000 | 100.9% |
EPS
Financial Highlights for Reservoir Media in Q3 '24
Reservoir Media reported a revenue of 41M, which is a 18.5% 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 26M, marking a 22.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 15M, a 11.7% 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 16M, showing a -2.2% 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 190,000, showing a 153.4% 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 6.8M, showing a 11.8% 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 Reservoir Media with growth in revenue, gross profit, and net income.
