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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 36M | 21.2% |
| Gross Profit | 22M | 22.7% |
| Cost of Revenue | 19M | 12.2% |
| Operating expense | 28M | 6.3% |
| Net Income | -11M | 13.1% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 480M | 21.3% |
| Total Liabilities | 93M | 24.2% |
| Total Equity | 386M | 41.8% |
| Shares Outstanding | 374M | 23.6% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 16M | 28.3% |
| Cash from investing | -47M | 0.8% |
| Cash from financing | 89M | 470.3% |
EPS
Financial Highlights for TeraWulf in Q2 '24
TeraWulf reported a revenue of 36M, which is a 21.2% 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 22M, marking a -22.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 19M, a -12.2% 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 28M, showing a -6.3% 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 -11M, showing a -13.1% 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.
TeraWulf 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.
