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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 437M | 23.4% |
| Gross Profit | 100M | 22.7% |
| Cost of Revenue | 419M | 19.6% |
| Operating expense | 107M | 5.6% |
| Net Income | 200,000 | 101.7% |
| EBITDA | -5.8M | 68.8% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 943M | 9.5% |
| Total Liabilities | 476M | 16% |
| Total Equity | 467M | 3.6% |
| Shares Outstanding | 199M | 0.7% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -3.2M | 83.2% |
| Cash from investing | -400,000 | 300% |
| Cash from financing | 2.9M | 480% |
EPS
Financial Highlights for VIZIO in Q2 '24
VIZIO reported a revenue of 437M, which is a 23.4% 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 100M, marking a 22.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 419M, a 19.6% 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 107M, showing a 5.6% 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 200,000, showing a 101.7% 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 -5.8M, showing a 68.8% 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 VIZIO with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
