Strive (ASST) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same period last year. The company's financial position was bolstered by proceeds from its initial public offering earlier in the quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same period last year. The company's financial position was bolstered by proceeds from its initial public offering earlier in the quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$61.1K
Revenue reported for this quarter.
Quarter-over-quarter
-2.9%
Change from the immediately preceding quarter.
Year-over-year
-51.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$278.2K
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $72.7K | n/a |
| Sep 30, 2022 | $81.4K | n/a |
| Dec 31, 2022 | $63K | n/a |
| Mar 31, 2023 | $61.1K | -51.5% |
Revenue performance
Revenue for the quarter was lower than the preceding quarter, reflecting a continuation of the downward trend seen over the past several quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased slightly. On a year-over-year basis, the decline was more pronounced, with revenue falling by over half.
What to watch
Monitor whether the company can stabilize its revenue trajectory, especially given the recent capital infusion from the IPO.