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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 192M | 2.2% |
| Gross Profit | 105M | 0.5% |
| Cost of Revenue | 199M | 1% |
| Operating expense | 112M | 2.4% |
| Net Income | -4.1M | 39.8% |
| EBITDA | -6.6M | 405.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 638M | 3.2% |
| Total Liabilities | 301M | 4.3% |
| Total Equity | 337M | 2.2% |
| Shares Outstanding | 121M | 0.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 27M | 13.7% |
| Cash from investing | -14M | 19.4% |
| Cash from financing | 47,000 | 98.7% |
EPS
Financial Highlights for Warby Parker in Q3 '24
Warby Parker reported a revenue of 192M, which is a 2.2% 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 105M, marking a -0.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 199M, a 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 112M, showing a -2.4% 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 -4.1M, showing a 39.8% 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 -6.6M, showing a -405.5% 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.
Warby Parker faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
