Datavault AI (DVLT) 10-K Summary — Year Ended Dec 31, 2023
Datavault AI Inc. reported a decline in revenue and continued operating losses for the latest fiscal year. The company's cash position decreased significantly, and it relied on equity and debt issuances to fund operations.
Key takeaway
Year ended Dec 31, 2023 · FY2024 10-K
Datavault AI Inc. reported a decline in revenue and continued operating losses for the latest fiscal year. The company's cash position decreased significantly, and it relied on equity and debt issuances to fund operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.1M
Revenue reported for the fiscal year.
Operating income
-$21.5M
Income from operations reported for the year.
Net income
-$18.7M
Net income reported for the year.
Operating cash flow
-$14.8M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $6.5M | n/a |
| Dec 31, 2022 | $3.4M | -48.6% |
| Dec 31, 2023 | $2.1M | -38.1% |
Business overview
The filing indicates the company operates in a technology sector, but no specific business description is provided beyond the item headings. The business overview section is referenced but not detailed in the supplied context.
Financial performance
Revenue decreased compared to the prior year, while operating income and net income remained negative. Operating cash flow was also negative, reflecting ongoing cash consumption.
Material risks
The filing references risk factors but does not provide their content in the supplied context. Based on the financial data, the company faces material risks related to revenue decline, negative cash flow, and reliance on external financing.
Liquidity and capital
Cash and cash equivalents decreased significantly from the prior year. The company financed operations through equity issuances and convertible debt, including multiple stock and warrant offerings during the year.
What to watch
Monitor the company's ability to generate positive operating cash flow or secure additional financing to sustain operations.