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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 8.2M | 56.8% |
| Gross Profit | 180,000 | 104.9% |
| Cost of Revenue | 8M | 10.6% |
| Operating expense | 13M | 5.4% |
| Net Income | -5.9M | 16.6% |
| EBITDA | -3.9M | 35% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 89M | 4.6% |
| Total Liabilities | 45M | 4.7% |
| Total Equity | 43M | 4.6% |
| Shares Outstanding | 39M | 11.6% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -6.5M | 269% |
| Cash from investing | 3M | 15.5% |
| Cash from financing | 3.1M | 139.2% |
EPS
Financial Highlights for Kartoon Studios in Q2 '24
Kartoon Studios reported a revenue of 8.2M, which is a 56.8% 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 180,000, marking a 104.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8M, a -10.6% 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 13M, 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 -5.9M, showing a 16.6% 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 -3.9M, showing a 35% 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 Kartoon Studios with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
