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Income Statement (CAD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 15.2B | 70.2% |
| Operating expense | 13.5B | 346.7% |
| Net Income | 1.42B | 99.2% |
Balance Sheet (CAD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 361B | 4.9% |
| Total Liabilities | 335B | 4.8% |
| Total Equity | 25.2B | 4.9% |
| Shares Outstanding | 576M | 1.3% |
Cash Flow (CAD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 3.24B | 39.5% |
| Cash from financing | -1.64B | 884.4% |
Financial Highlights for Sunlight Financial in Q3 '24
Sunlight Financial reported a revenue of 15.2B, which is a 70.2% 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 13.5B, showing a 346.7% 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 1.42B, showing a 99.2% 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.
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.
