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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 43M | 5.2% |
Gross Profit | 16M | 4.3% |
Cost of Revenue | 27M | 5.7% |
Operating expense | 6.4M | 1% |
Net Income | 13M | 3.5% |
EBITDA | -810,000 | 30.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 6.11B | 1.2% |
Total Liabilities | 5.45B | 1.4% |
Total Equity | 655M | 0.9% |
Shares Outstanding | 19M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 19M | 89.2% |
Cash from investing | -2.2M | 111.7% |
Cash from financing | -90M | 3177.5% |
EPS
Financial Highlights for Trustco Bank in Q2 '24
Trustco Bank reported a revenue of 43M, which is a 5.2% 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 16M, marking a 4.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 27M, a 5.7% 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 6.4M, showing a -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 13M, showing a 3.5% 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.
The company's EBITDA for the quarter was -810,000, showing a 30.4% 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 Trustco Bank with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.