AiRWA Inc. stock research
FY2024 Q2
AiRWA (YYAI) Gross Margin — Quarter Ended Oct 31, 2023
Revenue decreased from the prior quarter, and gross profit and gross margin also declined. Compared to the same quarter last year, revenue was slightly lower, but gross profit and gross margin improved as cost of revenue was lower.
Gross margin takeaway
Quarter ended Oct 31, 2023 · FY2024 Q2
Revenue decreased from the prior quarter, and gross profit and gross margin also declined. Compared to the same quarter last year, revenue was slightly lower, but gross profit and gross margin improved as cost of revenue was lower.
- The most notable margin change is the year-over-year improvement, which occurred alongside a lower cost of revenue relative to revenue.
- Compared to the prior quarter, revenue, gross profit, and gross margin all decreased. Compared to the same quarter last year, revenue was slightly lower, but gross profit and gross margin improved, and cost of revenue was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
28.2%
Gross profit
$646963
Revenue
$2.3M
Cost of revenue
$1.6M
Quarter-over-quarter change
-0.4 pts
Year-over-year change
+16.4 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 |
|---|---|---|---|---|
| Jan 31, 2023 | $1.6M | $1.1M | $535957 | 66.6% |
| Apr 30, 2023 | $2.3M | $400305 | $1.9M | 17.5% |
| Jul 31, 2023 | $3.1M | $892749 | $2.2M | 28.6% |
| Oct 31, 2023 | $2.3M | $646963 | $1.6M | 28.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 31, 2023
-0.4 pts
Year-over-year change
Oct 31, 2022
+16.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most notable margin change is the year-over-year improvement, which occurred alongside a lower cost of revenue relative to revenue.
Compared to the prior quarter, revenue, gross profit, and gross margin all decreased. Compared to the same quarter last year, revenue was slightly lower, but gross profit and gross margin improved, and cost of revenue was lower.
Monitor the company's ability to secure additional financing and address the going concern risks highlighted in the filing.