How does Q1 2024 gross profit compare to previous quarters?
3/31/2025 12:35am
The Q1 2024 gross profit shows a mixed trend compared to the previous quarters. Here's a detailed analysis:
1. **Comparison with Q4 2023**: The gross margin for Q1 2024 is not provided, but we can compare it with the Q4 2023 gross margin. Out of the 3741 results, only PAL, GLUE, KPRX, PRME, BNAI, XCUR, SOBO, ZNTL, VTVT, and ASTS have data for both quarters.
2. **Performance of individual stocks**:
- PAL's gross margin decreased by 4.9% from Q4 2023 to Q1 2024.
- GLUE's gross margin decreased by 3.04%.
- KPRX's gross margin increased by 1.99%.
- PRME's gross margin decreased by 0.5%.
- BNAI's gross margin decreased by 3.39%.
- XCUR's gross margin decreased by 0.07%.
- SOBO's gross margin increased by 0.61%.
- ZNTL's gross margin increased by 1.12%.
- VTVT's gross margin increased by 1.17%.
- ASTS's gross margin decreased by 6.74%.
3. **Overall trend**: It's important to note that the gross margin for many stocks remained at 100% in Q1 2024, which suggests that these companies maintained their profitability despite fluctuations in individual stock performance. However, the decrease in gross margin for some stocks, such as PAL, GLUE, BNAI, and ASTS, indicates a potential challenge for these companies to maintain their profit margins.
In conclusion, the Q1 2024 gross profit shows a mixed trend compared to the previous quarters, with some stocks experiencing an increase in gross margin and others facing a decrease. The overall trend suggests that while some companies are performing well, others are facing challenges in maintaining their profit margins.