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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 16M | 50.4% |
| Gross Profit | 12M | 70.1% |
| Cost of Revenue | 4.4M | 14.3% |
| Operating expense | 57M | 5.1% |
| Net Income | -38M | 54.2% |
| EBITDA | -36M | 57.8% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 105M | 14.6% |
| Total Liabilities | 319M | 13.6% |
| Shares Outstanding | 121M | 14.4% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.3M | 75.4% |
| Cash from investing | -150,000 | 0% |
| Cash from financing | 4.7M | 142.3% |
EPS
Financial Highlights for Scilex Holding in Q2 '24
Scilex Holding reported a revenue of 16M, which is a 50.4% 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 12M, marking a 70.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.4M, a 14.3% 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 57M, showing a -5.1% 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 -38M, showing a -54.2% 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 -36M, showing a -57.8% 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.
Scilex Holding faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
