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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.2M | 239.7% |
| Gross Profit | 230,000 | 1954.5% |
| Cost of Revenue | 950,000 | 183.2% |
| Operating expense | 5.5M | 1% |
| Net Income | -5.1M | 88.1% |
| EBITDA | -5.2M | 87.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ |
|---|
Cash Flow (USD)
| Q3 '24 | QoQ |
|---|
EPS
Financial Highlights for WiSA Technologies in Q3 '24
WiSA Technologies reported a revenue of 1.2M, which is a 239.7% 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 230,000, marking a 1954.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 950,000, a 183.2% 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 5.5M, showing a 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 -5.1M, showing a 88.1% 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 -5.2M, showing a 87.7% 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 WiSA Technologies with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
