Comprehensive financial analysis and performance insights
| Item | Actual 2024 | Budget 2024 | Variance | Variance % | Prior Year |
|---|---|---|---|---|---|
| Revenue | $2,850,000 | $2,650,000 | $200,000 | +7.5% | $2,410,000 |
| Cost of Goods Sold | -$1,425,000 | -$1,325,000 | -$100,000 | -7.5% | -$1,205,000 |
| Gross Profit | $1,425,000 | $1,325,000 | $100,000 | +7.5% | $1,205,000 |
| Operating Expenses | -$785,000 | -$750,000 | -$35,000 | -4.7% | -$695,000 |
| EBITDA | $640,000 | $575,000 | $65,000 | +11.3% | $510,000 |
| Depreciation | -$85,000 | -$80,000 | -$5,000 | -6.3% | -$75,000 |
| Interest Expense | -$25,000 | -$30,000 | $5,000 | +16.7% | -$35,000 |
| Tax Expense | -$45,000 | -$40,000 | -$5,000 | -12.5% | -$35,000 |
| Net Income | $485,000 | $425,000 | $60,000 | +14.1% | $365,000 |