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Veritec Inc   (VRTC)
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VRTC's Revenue Growth by Quarter and Year

Veritec Inc 's Revenue results by quarter and year




VRTC Revenue (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter June - 0.06 0.07 0.10
III Quarter March - 0.09 0.09 0.08
II Quarter December 0.11 0.11 0.08 0.13
I Quarter September 0.06 0.10 0.12 0.08
FY   0.17 0.36 0.36 0.39



VRTC Revenue second quarter 2024 Y/Y Growth Comment
Veritec Inc reported decrease in Revenue in the second quarter 2024 by -2.73% to $ 0.11 millions, from the same quarter in 2023.
The decrease in the second quarter 2024 Veritec Inc 's Revenue compares unfavorably to the Company's average Revenue decrease of -2.64%.

Looking into second quarter 2024 results within Internet Services & Social Media industry 15 other companies have achieved higher Revenue growth. While Veritec Inc ' s Revenue decline of -2.73% ranks overall at the positon no. 738 in the second quarter 2024.




VRTC Revenue ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter June - -14.29 % -30 % 11.11 %
III Quarter March - 0 % 12.5 % -33.33 %
II Quarter December -2.73 % 37.5 % -38.46 % 85.71 %
I Quarter September -40 % -16.67 % 50 % -46.67 %
FY   - 0 % -7.69 % -9.3 %

Financial Statements
Veritec Inc 's second quarter 2024 Revenue $ 0.11 millions VRTC's Income Statement
Veritec Inc 's second quarter 2023 Revenue $ 0.11 millions Quarterly VRTC's Income Statement
New: More VRTC's historic Revenue Growth >>


VRTC Revenue (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter June - -33.33 % -22.22 % 25 %
III Quarter March - -18.18 % 12.5 % -38.46 %
II Quarter December 78.33 % 10 % -33.33 % 62.5 %
I Quarter September 0 % 42.86 % 20 % -11.11 %
FY (Year on Year)   - 0 % -7.69 % -9.3 %




Revenue second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Internet Services & Social Media Industry #16
Technology Sector #125
Overall #738

Revenue Y/Y Growth Statistics
High Average Low
53.13 % -2.64 % -41.79 %
(Jun 30 2018)   (Jun 30 2017)
Revenue second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Internet Services & Social Media Industry #16
Technology Sector #125
Overall #738
Revenue Y/Y Growth Statistics
High Average Low
53.13 % -2.64 % -41.79 %
(Jun 30 2018)   (Jun 30 2017)

Revenue by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Veritec Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
197.65 % 7.94 % -100 %
(Jun 30 2018)  


VRTC's II. Quarter Q/Q Revenue Comment
Veritec Inc achieved in the II. Quarter 2024 above company average sequential Revenue jump of 78.33%, to $ 0.11 millions, from $0.06 millions in the first quarter.
Veritec Inc is impressively improving, not only reporting higher then average growth, and additionally accelerating rate.

Within Internet Services & Social Media industry Veritec Inc achieved highest sequential Revenue growth. While Veritec Inc 's Revenue growth quarter on quarter, overall rank is 69.


Revenue Q/Q Growth Company Ranking
Within: No.
Internet Services & Social Media Industry #1
Technology Sector #4
Overall #69
Revenue Q/Q Growth Company Ranking
Within: No.
Internet Services & Social Media Industry #1
Technology Sector #4
Overall #69
Revenue Q/Q Growth Statistics
High Average Low
197.65 % 7.94 % -100 %
(Jun 30 2018)  


VRTC's II. Quarter Q/Q Revenue Comment
Veritec Inc achieved in the II. Quarter 2024 above company average sequential Revenue jump of 78.33%, to $ 0.11 millions, from $0.06 millions in the first quarter.
Veritec Inc is undergoing a remarkable growth, not just claiming better then normal gain, and additionally accelerating speed, Pranav Rangan , a business advisor said.

Within Internet Services & Social Media industry Veritec Inc achieved highest sequential Revenue growth. While Veritec Inc 's Revenue growth quarter on quarter, overall rank is 69.


Veritec Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Revenue 12 Months Ending $ 0.31 $ 0.31 $ 0.36 $ 0.36 $ 0.36
Y / Y Revenue Growth (TTM) -14.01 % -7.4 % 0.85 % -6.72 % -2.41 %
Year on Year Revenue Growth Overall Ranking # 1264 # 2771 # 3019 # 2204 # 2154
Seqeuential Revenue Change (TTM) 0 % -12.08 % -1.39 % -0.82 % 7.69 %
Seq. Revenue Growth (TTM) Overall Ranking # 738 # 2228 # 3006 # 2004 # 2155




Cumulative Revenue growth Comment
Veritec Inc 's cumulative 12 months Revenue continue to fall, but on the faster rate at -14.01% year on year, at Dec 31 2023 compare to the -7.4% decrease at Sep 30 2023. If the Veritec Inc 's fiscal year would end at Dec 31 2023, annual Revenue would be $0 millions.

In the Technology sector 196 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1264, from total ranking in previous quarter at 2771.

Revenue TTM Q/Q Growth Statistics
High Average Low
53.13 %
-2.64 %
-41.79 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Internet Services & Social Media Industry # 16
Technology Sector # 197
Overall # 1264

Revenue TTM Y/Y Growth Statistics
High Average Low
53.13 %
-2.64 %
-41.79 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 125
S&P 500 # 738
Cumulative Revenue growth Comment
Veritec Inc 's cumulative 12 months Revenue continue to fall, but on the faster rate at -14.01% year on year, at Dec 31 2023 compare to the -7.4% decrease at Sep 30 2023. If the Veritec Inc 's fiscal year would end at Dec 31 2023, annual Revenue would be $0 millions.

In the Technology sector 196 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1264, from total ranking in previous quarter at 2771.

Revenue TTM Q/Q Growth Statistics
High Average Low
53.13 %
-2.64 %
-41.79 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Internet Services & Social Media Industry # 16
Technology Sector # 197
Overall # 1264

Revenue TTM Y/Y Growth Statistics
High Average Low
53.13 %
-2.64 %
-41.79 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 125
S&P 500 # 738




Other Revenue Growth
Internet Services & Social Media Industry Revenue Growth Trends and Statistics
Technology Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
VRTC's Revenue Growth Ratio versus Internet Services & Social Media Industry, Technology Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for VRTC's Competitors
Revenue Growth for Veritec Inc 's Suppliers
Revenue Growth for VRTC's Customers

You may also want to know
VRTC's Annual Growth Rates VRTC's Profitability Ratios VRTC's Asset Turnover Ratio VRTC's Dividend Growth
VRTC's Roe VRTC's Valuation Ratios VRTC's Financial Strength Ratios VRTC's Dividend Payout Ratio
VRTC's Roa VRTC's Inventory Turnover Ratio VRTC's Growth Rates VRTC's Dividend Comparisons



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