AiRWA (YYAI) Revenue — Quarter Ended Oct 31, 2023
Revenue for the quarter declined compared to both the immediately preceding period and the same period a year earlier. The company's filings highlight substantial doubt about its ability to continue as a going concern, citing an accumulated deficit and anticipated losses.
Key takeaway
Quarter ended Oct 31, 2023 · FY2024 Q2
Revenue for the quarter declined compared to both the immediately preceding period and the same period a year earlier. The company's filings highlight substantial doubt about its ability to continue as a going concern, citing an accumulated deficit and anticipated losses.
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
-26.4%
Change from the immediately preceding quarter.
Year-over-year
-6.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.3M
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 |
|---|---|---|
| Jan 31, 2023 | $1.6M | -61.7% |
| Apr 30, 2023 | $2.3M | -42.7% |
| Jul 31, 2023 | $3.1M | -12.9% |
| Oct 31, 2023 | $2.3M | -6.1% |
Revenue performance
Revenue decreased from the prior quarter, marking a reversal of the sequential growth seen in the previous period. The year-over-year comparison also showed a decline.
Quarterly comparison
Sequentially, revenue fell sharply from the level reported in the quarter ended July. Compared with the same quarter one year earlier, revenue was lower as well.
What to watch
Given the company's disclosure of a going concern uncertainty and its need for additional financing, future revenue trends may be impacted by the ability to sustain operations.