152M 0.9%
Total Revenue QoQ (USD) - Q3 '24

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Income Statement (USD)

Q3 '24 QoQ
Revenue 152M 0.9%
Gross Profit 106M 2.1%
Cost of Revenue 45M 7.4%
Operating expense 148M 1.3%
Net Income -36M 5.7%
EBITDA -40M 0.3%

Balance Sheet (USD)

Q3 '24 QoQ
Total Assets 938M 0.9%
Total Liabilities 215M 4.6%
Total Equity 723M 0.2%
Shares Outstanding 121M 0.6%

Cash Flow (USD)

Q3 '24 QoQ
Cash from operations 22M 188.7%
Cash from investing -3.6M 130.3%
Cash from financing 160,000 96.6%

EPS

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Financial Highlights for 10X Genomics in Q3 '24

10X Genomics reported a revenue of 152M, which is a -0.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. A decline in revenue can be concerning, as it might indicate reduced sales or challenges in the market. It's important to investigate further to understand the underlying causes.

Gross Profit stood at 106M, marking a 2.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 45M, a -7.4% 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 148M, showing a 1.3% 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 -36M, showing a 5.7% 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 company's EBITDA for the quarter was -40M, showing a 0.3% 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.

10X Genomics faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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