Executive Summary
Slinger Bag’s QQ3 2024 results show a pronounced revenue surge to USD 3.27 million, up 58.14% year over year and a staggering 805.21% quarter over quarter, driven by a low prior base and accelerating demand for the Slinger Launcher and related tennis accessories. The quarterly gross margin stood at 77.26%, underscoring a favorable product mix and scalar gross profit of USD 2.53 million. Positive EBITDA of approximately USD 0.53 million indicates meaningful operating leverage at the reported scale, with operating income also at USD 0.53 million (about 16.20% of revenue). Despite these positives, net income registered a loss of USD 0.41 million for QQ3 2024, reflecting a discrepancy between high operating profitability and the bottom line, likely arising from tax effects and non-operating charges embedded in the period.
Cash-flow metrics reveal a cautiously positive operating cash flow (about USD 0.041 million) and a free cash flow of USD 0.041 million, but the balance sheet shows limited liquidity: cash at period end was USD 83,710 with a negative net change of USD 1.56 million in the period. Working capital dynamics were material, including a substantial drop in accounts receivable and a large working-capital impact (change in working capital: USD -9.39 million; accounts receivable: USD -9.96 million). These movements imply timing effects and potential channel mix shifts that warrant attention as the company scales. With a weighted-average share count of roughly 6.37 million, basic/diluted EPS stood at USD -0.065 and USD -0.0646, respectively, underscoring that profitability is not yet translating to per-share earnings despite stronger topline growth.
Overall, the QQ3 2024 performance demonstrates meaningful revenue growth and operating profitability on an EBITDA basis, but the company remains challenged on a net income basis and faces liquidity and working-capital headwinds. Investors should monitor progression toward sustained net income generation, continued cash-flow resilience, and balance-sheet improvements as the business scales.”,
Key Performance Indicators
QoQ: 805.21% | YoY:58.14%
QoQ: 3 667.09% | YoY:95.60%
QoQ: 138.77% | YoY:124.18%
Key Insights
Revenue: USD 3.2727 million, YoY +58.14%, QoQ +805.21% (Q2 2024 to Q3 2024).
Gross Profit: USD 2.5285 million; Gross Margin: 77.26%.
Operating Income: USD 0.5303 million; Operating Margin: 16.20%.
EBITDA: USD 0.5303 million; EBITDA Margin: 16.20%.
Net Income: USD -0.4112 million; Net Margin: -12.56%.
EPS (Basic/Diluted): -0.065 / -0.0646.
Free Cash Flow: USD 0.0416 million; Operating Cash Flow: USD 0.0416 million.
Cash at End of Period: USD 83,710; Cash at Beginning of Period: USD 1,642,969; Net...
Financial Highlights
Revenue: USD 3.2727 million, YoY +58.14%, QoQ +805.21% (Q2 2024 to Q3 2024).
Gross Profit: USD 2.5285 million; Gross Margin: 77.26%.
Operating Income: USD 0.5303 million; Operating Margin: 16.20%.
EBITDA: USD 0.5303 million; EBITDA Margin: 16.20%.
Net Income: USD -0.4112 million; Net Margin: -12.56%.
EPS (Basic/Diluted): -0.065 / -0.0646.
Free Cash Flow: USD 0.0416 million; Operating Cash Flow: USD 0.0416 million.
Cash at End of Period: USD 83,710; Cash at Beginning of Period: USD 1,642,969; Net Change in Cash: -USD 1,559,259.
Weighted Average Shares Outstanding (basic/diluted): ~6.37 million.
Key note: The data shows a strong gross-profit capture and positive EBITDA, but net income remains negative due to higher operating/external cost allocations and a substantial working-capital impact, alongside tax effects that require clarification given apparent data inconsistencies in the provided inputs.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
3.27M |
58.14% |
805.21% |
| Gross Profit |
2.53M |
95.60% |
3 667.09% |
| Operating Income |
530.29K |
124.18% |
138.77% |
| Net Income |
-411.21K |
89.10% |
69.90% |
| EPS |
-0.07 |
99.92% |
72.92% |
Management Commentary
Transcript data not provided in the input. Consequently, no management quotes or theme-based highlights from the QQ3 2024 earnings call can be cited. If you provide the earnings call transcript, I will generate thematically grouped highlights (strategy, operations, market conditions) with context and significance.
Forward Guidance
No forward guidance was included in the provided data. In absence of explicit targets, the outlook hinges on the company’s ability to translate EBITDA strength into sustained net income and to stabilize cash flow and liquidity. Suggested framework for guidance when available:
- Revenue trajectory: targets for US and Brazil markets, gross-margin protection, and product-line expansion.
- Margin discipline: expected SG&A normalization as scale develops and unit economics improve.
- Cash flow: capital expenditure plans (if any), working-capital optimization, and cash-burn controls.
- Balance-sheet: planned financing considerations (debt vs. equity) if liquidity tightness persists.
- Key catalysts to monitor: new product variants, partnerships with clubs/academies, expansion in international channels, and e-commerce optimization.
Based on QQ3 2024 results, investors should monitor: (1) whether net income turns positive as operating leverage compounds, (2) the trajectory of working capital and cash burn, and (3) any announced cost-control or go-to-market changes from management.