Datavault AI (DVLT) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter decreased. The decline was observed both compared to the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter decreased. The decline was observed both compared to the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$420K
Revenue reported for this quarter.
Quarter-over-quarter
-45.4%
Change from the immediately preceding quarter.
Year-over-year
-54.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.1M
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 |
|---|---|---|
| Mar 31, 2023 | $469K | -17.1% |
| Jun 30, 2023 | $425K | -55.1% |
| Sep 30, 2023 | $769K | -17.9% |
| Dec 31, 2023 | $420K | -54.1% |
Revenue performance
The reported revenue continued a downward trend, falling from the level of the prior quarter and from the comparable quarter a year ago.
Quarterly comparison
Sequentially, revenue was lower than in the third quarter. Year-over-year, revenue also declined relative to the fourth quarter of the previous year.
What to watch
The company's cash and cash equivalents at quarter-end were substantially lower than at the end of the prior year, as noted in the filing.