RGTI Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-12-31), RGTI reported revenue of $3M, gross profit of $3M (74.5% gross margin), operating income of −$17M, and net income of −$13M (-372.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RGTI reported a net loss; revenue grew 8.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +8.7% | +43.4% | +343.1 pp |
Consensus estimate data is not available for this report.
RGTI Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3M | 100% |
| Cost of Revenue | −$860,000 | 25.5% |
| Gross Profit | $3M | 74.5% |
| Research & Development | −$13M | 378.8% |
| Selling, General & Administrative | −$7M | 205.5% |
| Operating Income | −$17M | -509.7% |
| Interest Expense | −$1M | 37.6% |
| Other Income, net | $6M | 174.9% |
| Net Income | −$13M | -372.4% |
Source: original SEC filing (filed 2024-03-14). Accession 0001558370-24-003232. Data normalized by EarningsFyi.