Datavault AI Inc. stock research
FY2024 Q3
Datavault AI (DVLT) Gross Margin — Quarter Ended Sep 30, 2024
For the quarter, revenue increased compared to both the prior quarter and the same quarter a year earlier. Cost of revenue also rose but at a slower pace, resulting in higher gross profit and a gross margin that turned positive from a previously negative level.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
For the quarter, revenue increased compared to both the prior quarter and the same quarter a year earlier. Cost of revenue also rose but at a slower pace, resulting in higher gross profit and a gross margin that turned positive from a previously negative level.
- The key driver was the increase in revenue relative to the increase in cost of revenue, which allowed gross profit to grow and gross margin to rise.
- Sequentially, the gross margin improved noticeably. Year over year, the margin turned from negative to positive, reflecting a substantial improvement in profitability at the gross profit level.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
19.3%
Gross profit
$226000
Revenue
$1.2M
Cost of revenue
$946000
Quarter-over-quarter change
+16.1 pts
Year-over-year change
+236.3 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $420000 | -$334000 | $754000 | -79.5% |
| Mar 31, 2024 | $255000 | -$83000 | $338000 | -32.5% |
| Jun 30, 2024 | $345000 | $11000 | $334000 | 3.2% |
| Sep 30, 2024 | $1.2M | $226000 | $946000 | 19.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+16.1 pts
Year-over-year change
Sep 30, 2023
+236.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The key driver was the increase in revenue relative to the increase in cost of revenue, which allowed gross profit to grow and gross margin to rise.
Sequentially, the gross margin improved noticeably. Year over year, the margin turned from negative to positive, reflecting a substantial improvement in profitability at the gross profit level.
Based on the filing context, changes in inventories and prepaid expenses were noted as affecting operating cash flow; therefore, inventory levels are a concrete item to monitor.