MicroAlgo Inc.MLGOEarnings & Financial Report
Nasdaq
MLGO Q2 2023 Key Financial Metrics
Revenue
$20.2M
Gross Profit
$6.7M
Operating Profit
$-1.6M
Net Profit
$-4.8M
Gross Margin
33.0%
Operating Margin
-7.7%
Net Margin
-23.7%
YoY Growth
-28.1%
Financial Flow
MicroAlgo Inc. Q2 2023 Financial Summary
MicroAlgo Inc. reported revenue of $20.2M for Q2 2023, with a net profit of $-4.8M (-23.7% margin). Cost of goods sold was $13.6M, operating expenses totaled $8.2M.
Key Financial Metrics
| Total Revenue | $20.2M |
|---|---|
| Net Profit | $-4.8M |
| Gross Margin | 33.0% |
| Operating Margin | -7.7% |
| Report Period | Q2 2023 |
Income Statement
| Q1 2022 | Q2 2022 | Q3 2022 | Q1 2023 | Q2 2023 | |
|---|---|---|---|---|---|
| Revenue | $23.4M | $28.2M | $533378 | $17.8M | $20.2M |
| YoY Growth | 6114092.4% | 3989165.3% | 74602.8% | -23.7% | -28.1% |
Balance Sheet
| Q1 2022 | Q2 2022 | Q3 2022 | Q1 2023 | Q2 2023 | |
|---|---|---|---|---|---|
| Assets | $46.8M | $47.3M | $48.2M | $75.6M | $71.8M |
| Liabilities | $2.5M | $3.1M | $3.3M | $8.7M | $11.9M |
| Equity | $-2.5M | $-3.0M | $-3.3M | $66.7M | $60.4M |
Cash Flow
| Q1 2022 | Q2 2022 | Q3 2022 | Q1 2023 | Q2 2023 | |
|---|---|---|---|---|---|
| Operating CF | $-173421 | $-117770 | $-82661 | $-2.8M | $-3.8M |