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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 471M | 45.1% |
| Gross Profit | 23M | 166.8% |
| Cost of Revenue | 448M | 24.8% |
| Operating expense | 257M | 21.7% |
| Net Income | 36M | 235.5% |
| EBITDA | 62M | 406.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.67B | 2.6% |
| Total Liabilities | 653M | 9% |
| Total Equity | 1.02B | 2.1% |
| Shares Outstanding | 29M | 1.4% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 70M | 433.6% |
| Cash from investing | -20M | 1% |
| Cash from financing | -47M | 47.8% |
EPS
Financial Highlights for Scholastic in Q2 '24
Scholastic reported a revenue of 471M, which is a 45.1% 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 23M, marking a 166.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 448M, a 24.8% 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 257M, showing a 21.7% 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 36M, showing a 235.5% 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 62M, showing a 406.4% 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.
It was a positive quarter for Scholastic with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
