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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Gross Profit | -900,000 | 0% |
| Operating expense | 1.9M | 6.9% |
| Net Income | -1.7M | 4.6% |
| EBITDA | -1.9M | 7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 10M | 6.2% |
| Total Liabilities | 4.5M | 29% |
| Total Equity | 5.9M | 71.3% |
| Shares Outstanding | 2.3M | 48.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -2.9M | 51.8% |
| Cash from financing | 3.3M | 22.2% |
EPS
Financial Highlights for Soligenix in Q3 '24
Gross Profit stood at -900,000, marking a 0% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 1.9M, showing a 6.9% 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 -1.7M, showing a -4.6% 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 -1.9M, showing a -7% 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.
Soligenix 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. A decline in EBITDA signals potential operational challenges or increased costs.
