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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 1.56B | 29.6% |
Gross Profit | 224M | 7606.9% |
Cost of Revenue | 1.34B | 11.3% |
Operating expense | 1.39B | 1919.3% |
Net Income | 90M | 160.8% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 8.93B | 7% |
Total Liabilities | 6.39B | 8.5% |
Total Equity | 2.54B | 3.5% |
Shares Outstanding | 120M | 0% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 326M | 101% |
Cash from financing | -741M | 23.5% |
EPS
Financial Highlights for Zim in Q1 '24
Zim reported a revenue of 1.56B, which is a 29.6% 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 224M, marking a 7606.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.34B, a 11.3% 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 1.39B, showing a 1919.3% 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 90M, showing a 160.8% 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.
It was a positive quarter for Zim with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.