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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 277M | 2.2% |
| Gross Profit | 227M | 5.5% |
| Cost of Revenue | 227M | 1.4% |
| Operating expense | 235M | 4.1% |
| Net Income | 7.9M | 188.7% |
| EBITDA | -6.1M | 141.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.36B | 3.6% |
| Total Liabilities | 692M | 1.6% |
| Total Equity | 671M | 5.7% |
| Shares Outstanding | 138M | 0.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 59M | 18.1% |
| Cash from investing | 26M | 216.2% |
| Cash from financing | -26M | 276.1% |
EPS
Financial Highlights for Smartsheet in Q3 '24
Smartsheet reported a revenue of 277M, which is a 2.2% 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.
Gross Profit stood at 227M, marking a 5.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 227M, a -1.4% 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 235M, showing a 4.1% 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 7.9M, showing a 188.7% 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 -6.1M, showing a -141.5% 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 Smartsheet with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
