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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 94M | 0.5% |
| Gross Profit | 20M | 18.2% |
| Cost of Revenue | 74M | 3.5% |
| Operating expense | 16M | 2.9% |
| Net Income | 1.5M | 179.7% |
| EBITDA | 4.7M | 13.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 315M | 8.5% |
| Total Liabilities | 247M | 5.5% |
| Total Equity | 56M | 9.1% |
| Shares Outstanding | 48M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 14M | 53.2% |
| Cash from investing | -13M | 995.3% |
| Cash from financing | 580,000 | 105.9% |
EPS
Financial Highlights for Skywater Technology in Q3 '24
Skywater Technology reported a revenue of 94M, which is a 0.5% 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 20M, marking a 18.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 74M, a -3.5% 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 16M, showing a -2.9% 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 1.5M, showing a 179.7% 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 4.7M, showing a -13.8% 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.
It was a positive quarter for Skywater Technology with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
