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Income Statement (USD)
| Q4 '23 | QoQ | |
|---|---|---|
| Revenue | 285M | 14.4% |
| Gross Profit | 87M | 14.4% |
| Cost of Revenue | 233M | 7.5% |
| Operating expense | 57M | 11% |
| Net Income | 16M | 987.9% |
| EBITDA | 40M | 163.2% |
Balance Sheet (USD)
| Q4 '23 | QoQ | |
|---|---|---|
| Total Assets | 1.23B | 3.5% |
| Total Liabilities | 705M | 3% |
| Total Equity | 530M | 4.1% |
| Shares Outstanding | 101M | 0.1% |
Cash Flow (USD)
| Q4 '23 | QoQ | |
|---|---|---|
| Cash from operations | 34M | 5.9% |
| Cash from investing | -4.8M | 36.5% |
| Cash from financing | -56,000 | 75% |
EPS
Financial Highlights for Sovos Brands in Q4 '23
Sovos Brands reported a revenue of 285M, which is a 14.4% 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.
Gross Profit stood at 87M, marking a 14.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 233M, a -7.5% 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 57M, showing a -11% 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 16M, showing a 987.9% 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 40M, showing a 163.2% 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 Sovos Brands with growth in revenue, gross profit, and net income.
