MFS Investment Grade Municipal Trust
MFS Investment Grade Municipal Trust (CXH) Financial Performance & Income Statement Overview
Review MFS Investment Grade Municipal Trust (CXH) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
MFS Investment Grade Municipal Trust (CXH) Income Statement & Financial Overview
Analyze MFS Investment Grade Municipal Trust’s CXH earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|
| Revenue | $2.62M | $1.47M | $1.38M | $259569.00 |
| Cost of Revenue | $629518.00 | $344586.00 | $0.00 | $400163.00 |
| Gross Profit | $1.99M | $1.13M | $1.38M | -$140594.00 |
| Gross Profit Ratio | $0.76 | $0.77 | $1.00 | -$0.54 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $412252.00 | $301799.00 | $301799.00 | $246909.00 |
| Operating Expenses | $412252.00 | $906663.00 | $906663.00 | $10224.00 |
| Total Costs & Expenses | $412252.00 | $534196.00 | $906663.00 | -$2.51M |
| Interest Income | $0.00 | $0.00 | $556125.00 | $510100.00 |
| Interest Expense | $0.00 | $1.11M | $0.00 | $1.02M |
| Depreciation & Amortization | -$2.21M | -$1.07M | -$1.07M | -$1.13M |
| EBITDA | $0.00 | -$136485.00 | $0.00 | $2.77M |
| EBITDA Ratio | $0.00 | $0.64 | -$0.84 | $10.67 |
| Operating Income | $2.21M | $936760.00 | $1.07M | $2.77M |
| Operating Income Ratio | $0.84 | $0.64 | $0.78 | $10.67 |
| Other Income/Expenses (Net) | -$451176.00 | -$1.11M | -$1.16M | -$1.02M |
| Income Before Tax | $1.76M | -$175489.00 | -$87745.00 | $1.75M |
| Income Before Tax Ratio | $0.67 | -$0.12 | -$0.06 | $6.74 |
| Income Tax Expense | $0.00 | $0.00 | -$1.16M | $0.00 |
| Net Income | $1.76M | -$175489.00 | -$87745.00 | $1.75M |
| Net Income Ratio | $0.67 | -$0.12 | -$0.06 | $6.74 |
| EPS | $0.21 | -$0.02 | -$0.01 | $0.19 |
| Diluted EPS | $0.21 | -$0.02 | -$0.01 | $0.19 |
| Weighted Avg Shares Outstanding | $8.20M | $8.20M | $8.20M | $9.11M |
| Weighted Avg Shares Outstanding (Diluted) | $8.20M | $8.20M | $8.20M | $9.11M |
Over the last four quarters, MFS Investment Grade Municipal Trust achieved steady financial progress, growing revenue from $259569.00 in Q2 2023 to $2.62M in Q2 2024. Gross profit stayed firm with margins at 76% in Q2 2024 versus -54% in Q2 2023. Operating income totaled $2.21M in Q2 2024, maintaining a 84% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $0.00. Net income rose to $1.76M, with EPS at $0.21. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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