Similar companies
Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 44M | 2.8% |
| Gross Profit | 25M | 2.6% |
| Cost of Revenue | 20M | 3.1% |
| Operating expense | 6.8M | 71.4% |
| Net Income | 13M | 11.2% |
| EBITDA | 26M | 0% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Shares Outstanding | 20M | 4.4% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 21M | 2.5% |
| Cash from financing | -15M | 160.3% |
EPS
Financial Highlights for Seanergy in Q3 '24
Seanergy reported a revenue of 44M, which is a 2.8% 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 25M, marking a 2.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 20M, a 3.1% 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 6.8M, showing a -71.4% 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 13M, showing a -11.2% 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 26M, showing a 0% 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.
Seanergy faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
