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Income Statement (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 7.5B | 3.4% |
| Operating expense | 6.59B | 721.7% |
| Net Income | 714M | 20% |
Balance Sheet (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 345B | 2.9% |
| Total Liabilities | 320B | 3.1% |
| Total Equity | 24B | 0.1% |
| Shares Outstanding | 578M | 1.5% |
Cash Flow (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 690M | 79.7% |
| Cash from financing | -739M | 15.6% |
Financial Highlights for Sunlight Financial in Q2 '24
Sunlight Financial reported a revenue of 7.5B, which is a 3.4% 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.
Operating Expenses for this period were 6.59B, showing a 721.7% 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 714M, showing a -20% 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.
Sunlight Financial faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
