RGTI Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), RGTI reported revenue of $2M, gross profit of $1M (50.6% gross margin), operating income of −$17M, and net income of −$15M (-623.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RGTI reported a net loss; revenue fell 23.4% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −23.4% | +33.2% | +91.7 pp |
| Quarter over quarter | −22.9% | −19.4% | −221.3 pp |
Consensus estimate data is not available for this report.
RGTI Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2M | 100% |
| Cost of Revenue | −$1M | 49.4% |
| Gross Profit | $1M | 50.6% |
| Research & Development | −$13M | 536.2% |
| Selling, General & Administrative | −$6M | 243.8% |
| Operating Income | −$17M | -729.4% |
| Interest Expense | −$733,000 | 30.8% |
| Other Income, net | $3M | 136.5% |
| Net Income | −$15M | -623.8% |
Source: original SEC filing (filed 2024-11-12). Accession 0001558370-24-015138. Data normalized by EarningsFyi.