Datavault AI (DVLT) Revenue — Quarter Ended Sep 30, 2023
Revenue for the reporting quarter increased compared to the immediately preceding quarter, reversing a recent declining trend. However, revenue was lower than the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the reporting quarter increased compared to the immediately preceding quarter, reversing a recent declining trend. However, revenue was lower than the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$769K
Revenue reported for this quarter.
Quarter-over-quarter
+80.9%
Change from the immediately preceding quarter.
Year-over-year
-17.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.6M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $916K | -54.2% |
| Mar 31, 2023 | $469K | -17.1% |
| Jun 30, 2023 | $425K | -55.1% |
| Sep 30, 2023 | $769K | -17.9% |
Revenue performance
Revenue rose sequentially, ending a multi-quarter downward pattern, but remained below the prior-year period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Compared to the same quarter one year earlier, revenue decreased.
What to watch
The company's cash and cash equivalents at the end of the reporting quarter were significantly lower than at the start of the fiscal year, as disclosed in the filing.