Onconetix, Inc. stock research
FY2025 Q1
Onconetix (ONCO) Gross Margin — Quarter Ended Mar 31, 2025
Revenue decreased from both the prior quarter and the same quarter one year earlier. Gross profit declined sequentially but improved relative to the year-ago period, while cost of revenue was lower year over year, leading to a gross margin that weakened from the prior quarter but strengthened compared with the same period last year.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue decreased from both the prior quarter and the same quarter one year earlier. Gross profit declined sequentially but improved relative to the year-ago period, while cost of revenue was lower year over year, leading to a gross margin that weakened from the prior quarter but strengthened compared with the same period last year.
- The most observable margin driver is the differing relationship between revenue and cost of revenue across periods. Sequentially, revenue contracted more than cost of revenue, compressing gross margin; versus a year ago, cost of revenue fell more than revenue, expanding gross margin.
- Compared with the immediately preceding quarter, gross margin was lower. Compared with the same quarter one year earlier, gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
45.1%
Gross profit
$45832
Revenue
$101630
Cost of revenue
$55798
Quarter-over-quarter change
-47.6 pts
Year-over-year change
+18.1 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 |
|---|---|---|---|---|
| Jun 30, 2024 | $704848 | $100716 | $604132 | 14.3% |
| Sep 30, 2024 | $406859 | $105414 | $301445 | 25.9% |
| Dec 31, 2024 | $711976 | $659968 | $52008 | 92.7% |
| Mar 31, 2025 | $101630 | $45832 | $55798 | 45.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-47.6 pts
Year-over-year change
Mar 31, 2024
+18.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable margin driver is the differing relationship between revenue and cost of revenue across periods. Sequentially, revenue contracted more than cost of revenue, compressing gross margin; versus a year ago, cost of revenue fell more than revenue, expanding gross margin.
Compared with the immediately preceding quarter, gross margin was lower. Compared with the same quarter one year earlier, gross margin was higher.
Given the company's disclosed liquidity challenges and the significant sequential revenue decline, monitoring future revenue trends and cost management is warranted.