Why did EXE's gross profit plummet in Q1 2024?

The gross margin for Expand Energy (EXE) in Q1 2024 was 75.67%, which is significantly higher than the net margin of 2.41% and the diluted EPS of $0.18. This indicates that the company's gross profit margin is robust, but it may be facing challenges in translating gross profit into net profit and earnings per share. |code|Ticker|Name|Date|Gross Profit Margin|Basic Earnings per Share|Net Profit Margin|market_code| |---|---|---|---|---|---|---|---| |EXE|EXE.O|Expand Energy|20230630|84.5086|13.27|33.8339|185| |EXE|EXE.O|Expand Energy|20230930|83.5523|13.86|27.3143|185| |EXE|EXE.O|Expand Energy|20231231|83.9124|18.21|27.7376|185| |EXE|EXE.O|Expand Energy|20240331|75.6707|0.2|2.4052|185| The high risk assessment for Windoge98 (EXE) as of March 24, 2024, suggests that the cryptocurrency may be vulnerable to price manipulation, which could impact the financial results of the company. Therefore, it is possible that the decline in net profit and EPS is related to the cryptocurrency market and the company's exposure to it. In conclusion, the gross profit of EXE in Q1 2024 was not affected by the factors that led to the decline in net profit and EPS, which may be attributed to the cryptocurrency market and the company's exposure to it.