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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 47,000 | 571.4% |
Gross Profit | -2.4M | 26.4% |
Cost of Revenue | 2.4M | 25.1% |
Operating expense | 2.4M | 24.3% |
Net Income | -1.7M | 49.8% |
EBITDA | -2.1M | 27.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 24M | 17.7% |
Total Liabilities | 4.1M | 35.8% |
Total Equity | 20M | 42.2% |
Shares Outstanding | 128M | 61.7% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -1.6M | 66.8% |
Cash from investing | -82,000 | 100% |
Cash from financing | 6.1M | 49.2% |
EPS
Financial Highlights for Verb Technology in Q2 '24
Verb Technology reported a revenue of 47,000, which is a 571.4% 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 -2.4M, marking a 26.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.4M, a -25.1% 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 -24.3% 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 -1.7M, showing a 49.8% 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 -2.1M, showing a 27.9% 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 Verb Technology with growth in revenue, gross profit, and net income.