AiRWA (YYAI) Revenue — Quarter Ended Jul 31, 2023
Revenue for the quarter increased compared to the immediately preceding period. However, it declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Jul 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to the immediately preceding period. However, it declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1M
Revenue reported for this quarter.
Quarter-over-quarter
+36.3%
Change from the immediately preceding quarter.
Year-over-year
-12.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.5M
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 |
|---|---|---|
| Oct 31, 2022 | $2.4M | -6.7% |
| Jan 31, 2023 | $1.6M | -61.7% |
| Apr 30, 2023 | $2.3M | -42.7% |
| Jul 31, 2023 | $3.1M | -12.9% |
Revenue performance
The reported revenue moved upward from the prior quarter, reversing the downward trend seen in recent periods.
Quarterly comparison
Compared to the preceding quarter, revenue improved substantially. In contrast, when measured against the same quarter a year ago, revenue was lower.
What to watch
The company’s substantial accumulated deficit and going-concern uncertainty signal ongoing liquidity risk.