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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 350,000 | 35.3% |
| Gross Profit | 11,000 | 113.3% |
| Cost of Revenue | 330,000 | 1.2% |
| Operating expense | 5.4M | 32.9% |
| Net Income | -43M | 1676.1% |
| EBITDA | -5.4M | 29.9% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 11M | 53.4% |
| Total Liabilities | 4.2M | 56.2% |
| Total Equity | 6.4M | 340.9% |
| Shares Outstanding | 4.9M | 180.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -5.5M | 54.2% |
| Cash from investing | -160,000 | 2633.3% |
| Cash from financing | 9M | 52.9% |
EPS
Financial Highlights for WiSA Technologies in Q2 '24
WiSA Technologies reported a revenue of 350,000, which is a 35.3% 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 11,000, marking a 113.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 330,000, a -1.2% 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 5.4M, showing a 32.9% 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 -43M, showing a -1676.1% 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 -5.4M, showing a -29.9% 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.
WiSA Technologies faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
