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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 130,000 | 170.2% |
| Gross Profit | 73,000 | 103.1% |
| Cost of Revenue | 54,000 | 97.8% |
| Operating expense | 2.4M | 0.1% |
| Net Income | -2M | 13.5% |
| EBITDA | -2M | 4.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 22M | 7.9% |
| Total Liabilities | 4.1M | 0.4% |
| Total Equity | 18M | 9.4% |
| Shares Outstanding | 760,000 | 99.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.9M | 18.1% |
| Cash from investing | -5.1M | 6132.9% |
| Cash from financing | 80,000 | 98.7% |
EPS
Financial Highlights for Verb Technology in Q3 '24
Verb Technology reported a revenue of 130,000, which is a 170.2% 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 73,000, marking a 103.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 54,000, a -97.8% 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 2.4M, showing a -0.1% 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 -2M, showing a -13.5% 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 -2M, showing a 4.5% 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.
Verb Technology faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
