AiRWA Inc. stock research
FY2024 Q4
AiRWA (YYAI) Gross Margin — Quarter Ended Apr 30, 2024
In the current quarter, revenue and gross profit were higher than both the prior quarter and the year-ago quarter. Cost of revenue was lower than the year-ago quarter but higher than the prior quarter, resulting in a gross margin that improved compared to both periods.
Gross margin takeaway
Quarter ended Apr 30, 2024 · FY2024 Q4
In the current quarter, revenue and gross profit were higher than both the prior quarter and the year-ago quarter. Cost of revenue was lower than the year-ago quarter but higher than the prior quarter, resulting in a gross margin that improved compared to both periods.
- The strongest observable margin driver is the lower cost of revenue relative to revenue compared to the year-ago quarter, as cost of revenue decreased while revenue increased.
- Sequentially, gross margin improved from the prior quarter. Year-over-year, gross margin strengthened significantly from a much lower level.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
80.2%
Gross profit
$3.0M
Revenue
$3.8M
Cost of revenue
$744231
Quarter-over-quarter change
+10.2 pts
Year-over-year change
+62.7 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 |
|---|---|---|---|---|
| Jul 31, 2023 | $3.1M | $892749 | $2.2M | 28.6% |
| Oct 31, 2023 | $2.3M | $646963 | $1.6M | 28.2% |
| Jan 31, 2024 | $480768 | $336538 | $144230 | 70.0% |
| Apr 30, 2024 | $3.8M | $3.0M | $744231 | 80.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 31, 2024
+10.2 pts
Year-over-year change
Apr 30, 2023
+62.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the lower cost of revenue relative to revenue compared to the year-ago quarter, as cost of revenue decreased while revenue increased.
Sequentially, gross margin improved from the prior quarter. Year-over-year, gross margin strengthened significantly from a much lower level.
Monitor the company's ability to sustain its cost structure and liquidity given the going concern uncertainty noted in the filing.