Root (ROOT) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined 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
$74.8M
Revenue reported for this quarter.
Quarter-over-quarter
+6.7%
Change from the immediately preceding quarter.
Year-over-year
-7.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$289.9M
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 |
|---|---|---|
| Sep 30, 2022 | $73.7M | -21.4% |
| Dec 31, 2022 | $71.3M | -23.5% |
| Mar 31, 2023 | $70.1M | -17.9% |
| Jun 30, 2023 | $74.8M | -7.0% |
Revenue performance
The reported revenue moved upward from the prior quarter, reversing the declining trend seen in recent periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew. Compared to the same quarter one year earlier, revenue was lower.
What to watch
Monitor whether the current quarter's revenue growth can be sustained in future periods.