Datavault AI Inc. stock research
FY2023 Q1
Datavault AI (DVLT) Gross Margin — Quarter Ended Mar 31, 2023
Revenue decreased compared to both the prior quarter and the same quarter last year, while cost of revenue rose relative to the year-ago period. Gross profit turned deeply negative, causing gross margin to weaken substantially from the prior quarter and from the same quarter a year earlier.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue decreased compared to both the prior quarter and the same quarter last year, while cost of revenue rose relative to the year-ago period. Gross profit turned deeply negative, causing gross margin to weaken substantially from the prior quarter and from the same quarter a year earlier.
- The most observable driver is the sharp decline in gross profit relative to revenue, as cost of revenue exceeded revenue by a wide margin. This relationship is the primary factor behind the negative gross margin.
- Compared to the prior quarter, revenue was lower and gross profit shifted from positive to negative, resulting in a weakened gross margin. Versus the same quarter last year, revenue was lower while cost of revenue was higher, leading to a much weaker gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
-267.2%
Gross profit
-$1.3M
Revenue
$469000
Cost of revenue
$1.7M
Quarter-over-quarter change
n/a
Year-over-year change
-278.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $469000 | -$1.3M | $1.7M | -267.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-278.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver is the sharp decline in gross profit relative to revenue, as cost of revenue exceeded revenue by a wide margin. This relationship is the primary factor behind the negative gross margin.
Compared to the prior quarter, revenue was lower and gross profit shifted from positive to negative, resulting in a weakened gross margin. Versus the same quarter last year, revenue was lower while cost of revenue was higher, leading to a much weaker gross margin.
Monitor the trend in cost of revenue relative to revenue, as the current imbalance is the key factor behind the negative gross margin.