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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 813M | 12% |
| Gross Profit | 162M | 102.5% |
| Cost of Revenue | 651M | 0.8% |
| Operating expense | 36M | 41.9% |
| Net Income | 37M | 270% |
| EBITDA | 153M | 8.9% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.49B | 1.4% |
| Total Liabilities | 5.17B | 0.8% |
| Total Equity | 320M | 11.9% |
| Shares Outstanding | 117M | 1.4% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 233M | 19.6% |
| Cash from financing | -54M | 60.1% |
EPS
Financial Highlights for Volaris in Q3 '24
Volaris reported a revenue of 813M, which is a 12% 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 162M, marking a 102.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 651M, a 0.8% 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 36M, showing a -41.9% 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 37M, showing a 270% 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 153M, showing a -8.9% 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 Volaris with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
