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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 632M | 24.6% |
Gross Profit | 164M | 67% |
Cost of Revenue | 575M | 8.2% |
Operating expense | 112M | 19.3% |
Net Income | 46M | 1542.5% |
EBITDA | 62M | 400.6% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1.99B | 3.3% |
Total Liabilities | 536M | 7.1% |
Total Equity | 1.45B | 2% |
Shares Outstanding | 58M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 85M | 1970.4% |
Cash from investing | -9.1M | 19.3% |
Cash from financing | -21M | 397.1% |
EPS
Financial Highlights for Skyline Corporation in Q2 '24
Skyline Corporation reported a revenue of 632M, which is a 24.6% 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 164M, marking a 67% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 575M, a 8.2% 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 112M, showing a 19.3% 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 46M, showing a 1542.5% 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 400.6% 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 Skyline Corporation with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.