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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.6M | 44.3% |
| Gross Profit | -3.7M | 1.5% |
| Cost of Revenue | 5.3M | 8.9% |
| Operating expense | 25M | 16.1% |
| Net Income | -22M | 16.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 129M | 12.1% |
| Total Liabilities | 18M | 2.7% |
| Total Equity | 111M | 14.1% |
| Shares Outstanding | 48M | 0.4% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -11M | 32.4% |
| Cash from investing | -5.4M | 83.7% |
| Cash from financing | 1M | 654.3% |
EPS
Financial Highlights for Shattuck Labs in Q2 '24
Shattuck Labs reported a revenue of 1.6M, which is a 44.3% 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 -3.7M, marking a 1.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.3M, a 8.9% 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 25M, showing a 16.1% 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 -22M, showing a -16.5% 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.
Shattuck Labs 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.
