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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Gross Profit | -9.1M | 22.2% |
| Cost of Revenue | 8.1M | 3.3% |
| Operating expense | 20M | 1.6% |
| Net Income | -21M | 1.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 61M | 1.1% |
| Total Liabilities | 83M | 17.8% |
| Shares Outstanding | 324M | 0.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -5.7M | 52.6% |
| Cash from investing | -50,000 | 33.3% |
| Cash from financing | 5.6M | 34.9% |
EPS
Financial Highlights for The Metals Company in Q3 '24
Gross Profit stood at -9.1M, marking a -22.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.1M, a 3.3% 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 20M, showing a -1.6% 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 -21M, showing a -1.7% 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 Metals Company faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
