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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 47M | 11.4% |
| Gross Profit | 4.2M | 236.7% |
| Cost of Revenue | 42M | 5.6% |
| Operating expense | 35M | 12.1% |
| Net Income | -5.8M | 56.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 168M | 8.5% |
| Total Liabilities | 40M | 1.1% |
| Total Equity | 128M | 11% |
| Shares Outstanding | 89M | 3.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.8M | 189.9% |
| Cash from investing | -2M | 21.5% |
| Cash from financing | -13M | 529.4% |
EPS
Financial Highlights for TrueCar in Q3 '24
TrueCar reported a revenue of 47M, which is a 11.4% 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 4.2M, marking a 236.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 42M, a -5.6% 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 35M, showing a -12.1% 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 -5.8M, showing a 56.9% 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.
It was a positive quarter for TrueCar with growth in revenue, gross profit, and net income.
