Regenxbio Inc (RGNX)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	-52,366	-48,113	-53,389	-47,067	-57,064	247,682	270,322	284,169	313,404	23,607	163,512	169,432	172,121	165,565	25,463	6,239	-13,464	18,851	6,163	45,327
Revenue (ttm)	US$ in thousands	85,585	89,565	82,833	89,765	89,470	395,745	424,505	432,813	446,605	134,740	275,433	273,347	271,089	261,412	95,283	71,153	44,415	73,424	54,848	86,998
Gross profit margin		-61.19%	-53.72%	-64.45%	-52.43%	-63.78%	62.59%	63.68%	65.66%	70.17%	17.52%	59.37%	61.98%	63.49%	63.33%	26.72%	8.77%	-30.31%	25.67%	11.24%	52.10%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-52,366K ÷ $85,585K
= -61.19%

Regenxbio Inc's gross profit margin has exhibited some fluctuations over the past eight quarters. In Q4 2023, the gross profit margin was 58.76%, showing a decrease compared to the previous quarter. However, it is important to note that the Q4 2023 gross profit margin is still within a reasonable range.

Looking at the trend over the past quarters, there was a significant drop in the gross profit margin in Q4 2022 to 51.61%, followed by a substantial increase in Q3 2022 to 88.02%. Since then, the gross profit margin has been relatively stable around the 60-70% range.

It is essential to investigate the factors driving these fluctuations in the gross profit margin, such as changes in revenue, cost of goods sold, pricing strategies, or production efficiencies. A declining gross profit margin could indicate decreasing profitability or increasing costs that need to be addressed by the company.

Overall, the historical data on Regenxbio Inc's gross profit margin highlights the importance of regularly monitoring and analyzing this metric to assess the company's financial performance and efficiency in generating profits from its core activities.