Datavault AI Inc. stock research
FY2023 Q2
Datavault AI (DVLT) Gross Margin — Quarter Ended Jun 30, 2023
Revenue declined from both the prior quarter and the same quarter last year, while cost of revenue exceeded revenue, resulting in a negative gross profit and gross margin. Compared to the prior quarter, the gross margin improved as cost of revenue fell more sharply than revenue, but relative to the year-ago period, the gross margin weakened from positive to negative.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined from both the prior quarter and the same quarter last year, while cost of revenue exceeded revenue, resulting in a negative gross profit and gross margin. Compared to the prior quarter, the gross margin improved as cost of revenue fell more sharply than revenue, but relative to the year-ago period, the gross margin weakened from positive to negative.
- The reduction in cost of revenue from the prior quarter was the most significant factor in the gross margin improvement, even as revenue also decreased.
- Gross margin improved from the prior quarter, moving from a deeply negative level to a less negative level, but weakened compared to the same quarter last year when it was positive. Revenue was lower in both comparisons, while cost of revenue was lower than the prior quarter and also lower than the year-ago quarter.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
-47.3%
Gross profit
-$201000
Revenue
$425000
Cost of revenue
$626000
Quarter-over-quarter change
+219.9 pts
Year-over-year change
-67.2 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% |
| Jun 30, 2023 | $425000 | -$201000 | $626000 | -47.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+219.9 pts
Year-over-year change
Jun 30, 2022
-67.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The reduction in cost of revenue from the prior quarter was the most significant factor in the gross margin improvement, even as revenue also decreased.
Gross margin improved from the prior quarter, moving from a deeply negative level to a less negative level, but weakened compared to the same quarter last year when it was positive. Revenue was lower in both comparisons, while cost of revenue was lower than the prior quarter and also lower than the year-ago quarter.
Monitor inventory levels as discussed in the filing's liquidity section, given their potential influence on cost of revenue.