AiRWA (YYAI) Revenue — Quarter Ended Jan 31, 2024
Revenue declined sharply this quarter. The drop was significant compared to both the prior quarter and the same quarter last year.
Key takeaway
Quarter ended Jan 31, 2024 · FY2024 Q3
Revenue declined sharply this quarter. The drop was significant compared to both the prior quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$480.8K
Revenue reported for this quarter.
Quarter-over-quarter
-79.1%
Change from the immediately preceding quarter.
Year-over-year
-70.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.2M
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, 2023 | $2.3M | -42.7% |
| Jul 31, 2023 | $3.1M | -12.9% |
| Oct 31, 2023 | $2.3M | -6.1% |
| Jan 31, 2024 | $480.8K | -70.1% |
Revenue performance
Revenue was lower than in the immediately preceding quarter and also well below the level achieved one year earlier.
Quarterly comparison
The quarter-over-quarter decline was steep, and the year-over-year decrease was also substantial.
What to watch
The company has expressed substantial doubt about its ability to continue as a going concern and may need additional financing.