UDR (UDR) Revenue — Quarter Ended Mar 31, 2024
Revenue decreased from the previous quarter but increased compared to the same quarter last year. The trailing twelve-month revenue reflects the company's performance over the past year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue decreased from the previous quarter but increased compared to the same quarter last year. The trailing twelve-month revenue reflects the company's performance over the past year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2M
Revenue reported for this quarter.
Quarter-over-quarter
-17.4%
Change from the immediately preceding quarter.
Year-over-year
+58.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.6M
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 |
|---|---|---|
| Jun 30, 2023 | $1.5M | +2.2% |
| Sep 30, 2023 | $1.8M | +39.1% |
| Dec 31, 2023 | $2.4M | +91.2% |
| Mar 31, 2024 | $2M | +58.2% |
Revenue performance
The reported revenue declined from the prior quarter, indicating a sequential contraction.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. However, versus the same quarter one year earlier, revenue was higher, demonstrating year-over-year growth.
What to watch
Monitor future revenue trends given the sequential decline despite year-over-year growth.