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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 99M | 2.7% |
Gross Profit | 77M | 3.5% |
Cost of Revenue | 91M | 0.7% |
Operating expense | 94M | 6.7% |
Net Income | -17M | 24.4% |
EBITDA | -10M | 35.8% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 394M | 0.9% |
Total Liabilities | 241M | 0.5% |
Total Equity | 152M | 3.2% |
Shares Outstanding | 57M | 1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 2.1M | 81.5% |
Cash from investing | 13M | 33.5% |
Cash from financing | -4M | 65.1% |
EPS
Financial Highlights for Sprout Social in Q2 '24
Sprout Social reported a revenue of 99M, which is a 2.7% 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 77M, marking a 3.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 91M, a -0.7% 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 94M, 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 -17M, showing a -24.4% 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 -10M, showing a -35.8% 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.
Sprout Social 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.