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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 12M | 8.5% |
| Gross Profit | 6.1M | 8.6% |
| Cost of Revenue | 5.5M | 8.4% |
| Operating expense | 6.5M | 5.4% |
| Net Income | -320,000 | 69.2% |
| EBITDA | -200,000 | 78.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 50M | 3% |
| Total Liabilities | 12M | 11.3% |
| Total Equity | 39M | 0.1% |
| Shares Outstanding | 10M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 640,000 | 142.7% |
| Cash from investing | -140,000 | 29.2% |
EPS
Financial Highlights for TransAct Technologies in Q2 '24
TransAct Technologies reported a revenue of 12M, which is a 8.5% 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 6.1M, marking a 8.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.5M, a 8.4% 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 6.5M, showing a -5.4% 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 -320,000, showing a 69.2% 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 -200,000, showing a 78.3% 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 TransAct Technologies with growth in revenue, gross profit, and net income.
