RGTI Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-31), RGTI reported revenue of $3M, gross profit of $2M (49.1% gross margin), operating income of −$17M, and net income of −$21M (-680.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RGTI reported a net loss; revenue fell 9.6% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −9.6% | −65.2% | −308.2 pp |
Consensus estimate data is not available for this report.
RGTI Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3M | 100% |
| Cost of Revenue | −$2M | 50.9% |
| Gross Profit | $2M | 49.1% |
| Research & Development | −$11M | 375.9% |
| Selling, General & Administrative | −$7M | 216.7% |
| Operating Income | −$17M | -543.4% |
| Interest Expense | −$1M | 36.3% |
| Other Income, net | −$3M | 101.0% |
| Net Income | −$21M | -680.6% |
Source: original SEC filing (filed 2024-05-09). Accession 0001558370-24-007600. Data normalized by EarningsFyi.