Revvity (RVTY) Revenue — Quarter Ended Jan 1, 2023
Revenue increased from the prior quarter but declined compared to the same period last year. The sequential improvement reflects a recovery from the previous quarter's level.
Key takeaway
Quarter ended Jan 1, 2023 · FY2022 FY
Revenue increased from the prior quarter but declined compared to the same period last year. The sequential improvement reflects a recovery from the previous quarter's level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$741.2M
Revenue reported for this quarter.
Quarter-over-quarter
+4.1%
Change from the immediately preceding quarter.
Year-over-year
-27.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.3B
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 |
|---|---|---|
| Apr 3, 2022 | $963.2M | -6.3% |
| Jul 3, 2022 | $895.6M | -40.6% |
| Oct 2, 2022 | $711.8M | +169.9% |
| Jan 1, 2023 | $741.2M | -27.9% |
Revenue performance
The reported revenue shows a quarter-over-quarter gain, reversing the trend seen in earlier periods of the fiscal year. However, the year-over-year comparison indicates a substantial drop.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. In contrast, revenue was significantly lower compared to the same quarter one year ago.
What to watch
Monitor whether the sequential growth can sustain and narrow the year-over-year gap in upcoming quarters.