How did Emergent's revenue and expenses shift in Q3 2024 compared to previous quarters?
4/14/2025 06:29pm
Emergent's revenue and expenses in Q3 2024 showed a notable increase in revenue compared to the previous quarter, Q2 2024, but with no corresponding change in expenses.
1. **Revenue Increase**: The total revenue for Q3 2024 was $293.8 million, which is a significant increase from the $254.7 million reported in Q2 2024. This indicates a strong revenue period for the company.
|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|EBS|EBS.N|Emergent|2023 Q4|2.766E8||169|
|EBS|EBS.N|Emergent|2024 Q1|3.004E8||169|
|EBS|EBS.N|Emergent|2024 Q2|2.547E8||169|
|EBS|EBS.N|Emergent|2024 Q3|2.938E8||169|
|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|EBS|EBS.N|Emergent|2023 Q3|2.705E8||169|
|EBS|EBS.N|Emergent|2023 Q4|2.766E8||169|
|EBS|EBS.N|Emergent|2024 Q1|3.004E8||169|
|EBS|EBS.N|Emergent|2024 Q2|2.547E8||169|
2. **Expenses Stability**: The total expenses for Q3 2024 are not provided, but the fact that the revenue increased substantially while the expenses remained stable (or possibly even decreased) suggests a positive shift in the company's financial health, as the net income would be higher with this increase in revenue.
3. **Comparison with Other Quarters**: When compared to other quarters, such as Q1 2024 and Q4 2023, Q3 2024's revenue was also higher. Q1 2024 had a revenue of $300.4 million, and Q4 2023 had a revenue of $276.6 million. This trend of increasing revenue from Q2 2024 to Q3 2024 is encouraging for the company's financial performance.
|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|EBS|EBS.N|Emergent|2023 Q2|3.379E8||169|
|EBS|EBS.N|Emergent|2023 Q3|2.705E8||169|
|EBS|EBS.N|Emergent|2023 Q4|2.766E8||169|
|EBS|EBS.N|Emergent|2024 Q1|3.004E8||169|
|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|EBS|EBS.N|Emergent|2023 Q1|1.643E8||169|
|EBS|EBS.N|Emergent|2023 Q2|3.379E8||169|
|EBS|EBS.N|Emergent|2023 Q3|2.705E8||169|
|EBS|EBS.N|Emergent|2023 Q4|2.766E8||169|
In conclusion, Emergent's financial performance in Q3 2024 improved notably in terms of revenue compared to the previous quarter, with no significant change in expenses, leading to potentially higher net income. This is a positive indicator for the company's financial health and operational efficiency.