AiRWA (YYAI) Revenue — Quarter Ended Jul 31, 2024
Revenue for the quarter was lower than the previous quarter but higher than the same quarter last year. The company continues to face liquidity challenges as it relies on existing cash and potential financing to fund operations.
Key takeaway
Quarter ended Jul 31, 2024 · FY2025 Q1
Revenue for the quarter was lower than the previous quarter but higher than the same quarter last year. The company continues to face liquidity challenges as it relies on existing cash and potential financing to fund operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3M
Revenue reported for this quarter.
Quarter-over-quarter
-12.8%
Change from the immediately preceding quarter.
Year-over-year
+4.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.8M
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, 2023 | $2.3M | -6.1% |
| Jan 31, 2024 | $480.8K | -70.1% |
| Apr 30, 2024 | $3.8M | +63.9% |
| Jul 31, 2024 | $3.3M | +4.9% |
Revenue performance
Revenue declined from the immediately preceding quarter but grew compared to the same quarter one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue decreased, reflecting a sequential decline. On a year-over-year basis, revenue increased, indicating growth from the same period a year ago.
What to watch
The company's ability to secure additional financing remains critical given the substantial doubt about its going concern status.