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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 181M | 9% |
| Gross Profit | 103M | 42% |
| Cost of Revenue | 78M | 16.5% |
| Operating expense | 156M | 74.2% |
| Net Income | -76M | 86.3% |
| EBITDA | -51M | 90.3% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 972M | 12.4% |
| Total Liabilities | 918M | 19.8% |
| Total Equity | 54M | 45.3% |
| Shares Outstanding | 166M | 101.2% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 49M | 150.1% |
| Cash from financing | -8.1M | 101.6% |
EPS
Financial Highlights for Tempus AI in Q3 '24
Tempus AI reported a revenue of 181M, which is a 9% 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 103M, marking a 42% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 78M, a -16.5% 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 156M, showing a -74.2% 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 -76M, showing a 86.3% 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 -51M, showing a 90.3% 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 Tempus AI with growth in revenue, gross profit, and net income.
