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Income Statement (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 63M | 24.7% |
| Gross Profit | 22M | 109.2% |
| Cost of Revenue | 41M | 2.9% |
| Operating expense | 9.4M | 6.4% |
| Net Income | -15M | 58.6% |
| EBITDA | 16M | 232.8% |
Balance Sheet (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 567M | 2.5% |
| Total Liabilities | 389M | 3.4% |
| Total Equity | 178M | 13.4% |
| Shares Outstanding | 111M | 0.1% |
Cash Flow (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -41M | 163.3% |
| Cash from financing | 20M | 81.3% |
Financial Highlights for Sigma Lithium in Q2 '24
Sigma Lithium reported a revenue of 63M, which is a 24.7% 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 22M, marking a 109.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 41M, a 2.9% 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 9.4M, showing a -6.4% 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 -15M, showing a -58.6% 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 16M, showing a 232.8% 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.
Sigma Lithium faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
