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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 3.6M | 50.5% |
| Gross Profit | -1.6M | 48.5% |
| Cost of Revenue | 5.2M | 5.6% |
| Operating expense | 8.6M | 12.4% |
| Net Income | 5.8M | 130.4% |
| EBITDA | 8.4M | 146.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 462M | 3.9% |
| Total Liabilities | 342M | 3.8% |
| Total Equity | 120M | 3.9% |
| Shares Outstanding | 25M | 1.9% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1M | 76.5% |
| Cash from investing | 21M | 39% |
| Cash from financing | 680,000 | 126.1% |
EPS
Financial Highlights for Sky Harbour Group in Q2 '24
Sky Harbour Group reported a revenue of 3.6M, which is a 50.5% 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 -1.6M, marking a 48.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.2M, a -5.6% 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 8.6M, showing a 12.4% 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 5.8M, showing a 130.4% 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 8.4M, showing a 146.2% 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 Sky Harbour Group with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
