MicroAlgo (MLGO) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the first quarter compared to the prior quarter. The figure also fell relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the first quarter compared to the prior quarter. The figure also fell relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.8M
Revenue reported for this quarter.
Quarter-over-quarter
-36.7%
Change from the immediately preceding quarter.
Year-over-year
-23.7%
Change from the comparable year-ago quarter.
Trailing four quarters
n/a
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, 2022 | $23.4M | n/a |
| Jun 30, 2022 | $28.2M | n/a |
| Mar 31, 2023 | $17.8M | -23.7% |
Revenue performance
The quarter's revenue decreased, reflecting a weaker performance versus both sequential and year-ago periods.
Quarterly comparison
Revenue was lower than the immediately preceding quarter and also trailed the same quarter a year ago. The declines were notable on both comparisons.
What to watch
The ability to stabilize or reverse the revenue decline is a key focus given the company's early-stage operations.