DQ Q2 2024 Earnings — Daqo New Energy Corp. Revenue & Financial Results | Market Cap Arena

DQDaqo New Energy Corp.

$2B

Q2 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$220M-65.1% YoY

Gross Profit

-$159M-72.4% margin

Operating Income

-$198M-90.3% margin

Net Income

-$120M-54.5% margin

EPS (Diluted)

$-1.80

QoQ Revenue Growth

-47.0%

Cash Flow

Operating Cash Flow

-$163M

Free Cash Flow

-$274M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$6.9B

Total Liabilities

$762M

Stockholders' Equity

$4.6B

Cash & Equivalents

$997M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$220M	$630M	-65.1%
Gross Profit	-$159M	$256M	-162.1%
Operating Income	-$198M	$211M	-193.9%
Net Income	-$120M	$103M	-216.6%