AiRWA (YYAI) Revenue — Quarter Ended Jan 31, 2023
Revenue declined compared to the prior quarter and was significantly lower than the same quarter a year ago. The filing highlights substantial doubt about the company's ability to continue as a going concern, citing accumulated deficits and ongoing financing needs.
Key takeaway
Quarter ended Jan 31, 2023 · FY2023 Q3
Revenue declined compared to the prior quarter and was significantly lower than the same quarter a year ago. The filing highlights substantial doubt about the company's ability to continue as a going concern, citing accumulated deficits and ongoing financing needs.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6M
Revenue reported for this quarter.
Quarter-over-quarter
-34.3%
Change from the immediately preceding quarter.
Year-over-year
-61.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.6M
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 |
|---|---|---|
| Apr 30, 2022 | $4M | +14.3% |
| Jul 31, 2022 | $3.6M | +41.2% |
| Oct 31, 2022 | $2.4M | -6.7% |
| Jan 31, 2023 | $1.6M | -61.7% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter, reflecting a continuation of the downward trend seen in recent periods.
Quarterly comparison
Compared to the prior quarter, revenue fell, and relative to the same quarter one year earlier, the decline was even more pronounced. The company's trailing twelve-month revenue also reflects the weaker performance.
What to watch
Monitor the company's progress in securing additional financing and addressing the going concern risks disclosed in the filing.