Datavault AI Inc. stock research
FY2024 Q2
Datavault AI (DVLT) Gross Margin — Quarter Ended Jun 30, 2024
Revenue increased while cost of revenue decreased slightly, resulting in a shift from a negative gross profit to a positive gross profit and a significant improvement in gross margin. Compared to the prior quarter and the same quarter last year, gross margin turned positive after two consecutive periods of negative gross margin.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased while cost of revenue decreased slightly, resulting in a shift from a negative gross profit to a positive gross profit and a significant improvement in gross margin. Compared to the prior quarter and the same quarter last year, gross margin turned positive after two consecutive periods of negative gross margin.
- The strongest observable margin driver is the combination of higher revenue and lower cost of revenue, which together moved gross profit from negative to positive. This improvement is directly reflected in the gross margin turning positive.
- Compared to the immediately preceding quarter, revenue was higher, cost of revenue was slightly lower, and gross profit improved from negative to positive, resulting in a higher gross margin. Compared to the same quarter one year earlier, revenue was lower, cost of revenue was substantially lower, and gross profit improved from negative to positive, leading to a higher gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
3.2%
Gross profit
$11000
Revenue
$345000
Cost of revenue
$334000
Quarter-over-quarter change
+35.7 pts
Year-over-year change
+50.5 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 |
|---|---|---|---|---|
| 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% |
| Jun 30, 2024 | $345000 | $11000 | $334000 | 3.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+35.7 pts
Year-over-year change
Jun 30, 2023
+50.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the combination of higher revenue and lower cost of revenue, which together moved gross profit from negative to positive. This improvement is directly reflected in the gross margin turning positive.
Compared to the immediately preceding quarter, revenue was higher, cost of revenue was slightly lower, and gross profit improved from negative to positive, resulting in a higher gross margin. Compared to the same quarter one year earlier, revenue was lower, cost of revenue was substantially lower, and gross profit improved from negative to positive, leading to a higher gross margin.
Monitor whether revenue growth can be sustained while cost of revenue remains controlled, as the current margin improvement depends on both factors moving favorably.