AiRWA (YYAI) Revenue — Quarter Ended Apr 30, 2023
AiRWA Inc. reported a revenue increase compared to the previous quarter, marking a reversal from the prior period's decline. However, revenue remained below the level achieved in the same quarter a year earlier.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q4
AiRWA Inc. reported a revenue increase compared to the previous quarter, marking a reversal from the prior period's decline. However, revenue remained below the level achieved in the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3M
Revenue reported for this quarter.
Quarter-over-quarter
+42.6%
Change from the immediately preceding quarter.
Year-over-year
-42.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.9M
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 |
|---|---|---|
| Jul 31, 2022 | $3.6M | +41.2% |
| Oct 31, 2022 | $2.4M | -6.7% |
| Jan 31, 2023 | $1.6M | -61.7% |
| Apr 30, 2023 | $2.3M | -42.7% |
Revenue performance
Revenue for the quarter moved higher from the immediately preceding period, reflecting a sequential improvement. The year-over-year comparison showed a decline, indicating that the current quarter's revenue has not yet recovered to the prior year's level.
Quarterly comparison
Compared with the prior quarter, revenue increased, reversing a multi-quarter downward trend. Versus the same quarter one year ago, revenue was lower, continuing a pattern of year-over-year contraction.
What to watch
The company's financial statements indicate substantial doubt about its ability to continue as a going concern, given a significant accumulated deficit and anticipated further losses.