Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 119M | 8.5% |
| Gross Profit | 22M | 14.3% |
| Cost of Revenue | 115M | 5% |
| Operating expense | 19M | 4.7% |
| Net Income | -7.3M | 125.6% |
| EBITDA | -6.9M | 123.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 283M | 0.5% |
| Total Liabilities | 263M | 1.8% |
| Total Equity | 20M | 23.1% |
| Shares Outstanding | 48M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 7.2M | 676.8% |
| Cash from investing | 17,000 | 14.1% |
| Cash from financing | -6.3M | 151% |
EPS
Financial Highlights for United Homes Group in Q3 '24
United Homes Group reported a revenue of 119M, which is a 8.5% 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 22M, marking a 14.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 115M, a 5% 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 19M, showing a -4.7% 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 -7.3M, showing a -125.6% 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 -6.9M, showing a -123.5% 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.
United Homes Group faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
