IDEXX Laboratories (IDXX) Revenue — Quarter Ended Dec 31, 2023
Revenue for this quarter declined sequentially but increased compared to the same quarter last year. The sequential drop followed a period of year-over-year growth.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for this quarter declined sequentially but increased compared to the same quarter last year. The sequential drop followed a period of year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$901.6M
Revenue reported for this quarter.
Quarter-over-quarter
-1.5%
Change from the immediately preceding quarter.
Year-over-year
+8.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.7B
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 | $900.2M | +7.6% |
| Jun 30, 2023 | $943.6M | +9.7% |
| Sep 30, 2023 | $915.5M | +8.8% |
| Dec 31, 2023 | $901.6M | +8.8% |
Revenue performance
Quarterly revenue decreased from the prior quarter, while it rose compared to the same quarter a year ago.
Quarterly comparison
Revenue was lower than the previous quarter, yet higher than the corresponding quarter one year earlier.
What to watch
Future quarters should show whether the sequential decline continues or reverses.