Datavault AI Inc. stock research
FY2024 Q1
Datavault AI (DVLT) Gross Margin — Quarter Ended Mar 31, 2024
Revenue decreased compared to both the prior quarter and the same quarter last year. Gross profit improved significantly, driven by a lower cost of revenue, resulting in a less negative gross margin.
Gross margin takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue decreased compared to both the prior quarter and the same quarter last year. Gross profit improved significantly, driven by a lower cost of revenue, resulting in a less negative gross margin.
- The reduction in cost of revenue was the primary factor behind the improvement in gross margin, as it fell more sharply than revenue.
- Compared to the prior quarter, gross margin improved from a deeply negative level to a less negative level. Versus the same quarter last year, gross margin also showed a substantial improvement.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
-32.5%
Gross profit
-$83000
Revenue
$255000
Cost of revenue
$338000
Quarter-over-quarter change
+47.0 pts
Year-over-year change
+234.6 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 |
|---|---|---|---|---|
| Jun 30, 2023 | $425000 | -$201000 | $626000 | -47.3% |
| Sep 30, 2023 | $769000 | -$1.7M | $2.4M | -217.0% |
| Dec 31, 2023 | $420000 | -$334000 | $754000 | -79.5% |
| Mar 31, 2024 | $255000 | -$83000 | $338000 | -32.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2023
+47.0 pts
Year-over-year change
Mar 31, 2023
+234.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The reduction in cost of revenue was the primary factor behind the improvement in gross margin, as it fell more sharply than revenue.
Compared to the prior quarter, gross margin improved from a deeply negative level to a less negative level. Versus the same quarter last year, gross margin also showed a substantial improvement.
Monitor the trend in cost of revenue relative to revenue, as its volatility has been the dominant influence on gross margin.