Pixie Dust Technologies(US:PXDT)2024-08-22 20:20Revenue Performance - Total Revenue increased by 40.9% from ¥704,712 thousand in the fiscal year ended April 30, 2023 to ¥993,021 thousand ($6,303 thousand) in the fiscal year ended April 30, 2024[4] - Product Sales were ¥523,154 thousand ($3,320 thousand) in the fiscal year ended April 30, 2024, representing a 186.0% increase from the prior year[4] - Services Sales declined to ¥469,867 thousand ($2,983 thousand) in the fiscal year ended April 30, 2024 from ¥521,763 thousand in the prior year[5] Expenses - Research and Development Expenses declined by 25.3% from ¥686,557 thousand in fiscal year 2023 to ¥512,997 thousand ($3,256 thousand) in fiscal year 2024[5] - Selling, General and Administrative Expenses increased by 16.2% from ¥1,856,056 thousand for the fiscal year ended April 30, 2023 to ¥2,155,860 thousand ($13,684 thousand) for the fiscal year ended April 30, 2024[6] Financial Position - Net loss for the year ended April 30, 2024 was ¥1,974,536 thousand ($12,534 thousand), with an accumulated deficit of ¥6,356,788 thousand ($40,350 thousand) as of the same date[8] - Cash and cash equivalents totaled ¥1,607,763 thousand ($10,205 thousand) as of April 30, 2024, down from ¥2,135,513 thousand as of April 30, 2023[8] Strategic Focus - The company is focusing on two areas of product development: "Personal Care & Diversity" and "Workspace & Digital Transformation"[10] - The company plans to continue expanding its marketing and sales efforts for its products[6] Market Outlook - Future growth opportunities may be influenced by market conditions and competitive landscape, as indicated in forward-looking statements[9]