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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 427M | 4.5% |
| Gross Profit | 260M | 7.5% |
| Cost of Revenue | 167M | 0.1% |
| Operating expense | 251M | 6.7% |
| Net Income | -3.1M | 37.9% |
| EBITDA | -26M | 204.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 865M | 2.1% |
| Total Liabilities | 1.31B | 1.3% |
| Shares Outstanding | 22M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 27M | 367% |
| Cash from investing | -3M | 37.3% |
| Cash from financing | -25M | 265.6% |
EPS
Financial Highlights for Sleep Number in Q3 '24
Sleep Number reported a revenue of 427M, which is a 4.5% 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 260M, marking a 7.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 167M, a 0.1% 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 251M, showing a 6.7% 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 -3.1M, showing a 37.9% 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 -26M, showing a -204.5% 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 Sleep Number 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.
