RGTI Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), RGTI reported revenue of $3M, gross profit of $2M (64.5% gross margin), operating income of −$16M, and net income of −$12M (-402.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RGTI reported a net loss; revenue grew 1.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +1.1% | +40.2% | +278.1 pp |
Consensus estimate data is not available for this report.
RGTI Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3M | 100% |
| Cost of Revenue | −$1M | 35.5% |
| Gross Profit | $2M | 64.5% |
| Research & Development | −$12M | 384.6% |
| Selling, General & Administrative | −$6M | 201.1% |
| Operating Income | −$16M | -521.2% |
| Interest Expense | −$969,000 | 31.4% |
| Other Income, net | $5M | 150.1% |
| Net Income | −$12M | -402.5% |
Source: original SEC filing (filed 2024-08-08). Accession 0001558370-24-011592. Data normalized by EarningsFyi.