How does ELAB's gross margin compare quarterly?

ELAB's gross margin has shown significant volatility over the past year, with a notable decline in the most recent quarter ending on December 31, 2024, where the company reported a gross profit margin of -223.41%.

1. **Significant Decline in Gross Margin**: The gross profit margin of ELAB has experienced a sharp decrease, going from a high of 89.4% in December 2021 to a negative value in the most recent quarter.
2. **Negative Gross Margin in Latest Quarter**: A negative gross profit margin indicates that the company's expenses are exceeding its revenue, resulting in a loss. This is a concerning trend as it suggests that ELAB may be struggling to manage its costs effectively.
3. **Historical Context**: Over the past five years, ELAB's gross profit margin has fluctuated, with a peak at 89.4% in December 2021 and a general decline thereafter. The current negative margin represents a significant downturn in the company's financial performance.

In conclusion, ELAB's gross margin has shown a sharp decline in the most recent quarter, resulting in a negative margin. This trend is indicative of significant challenges for the company in managing its costs and generating profit.