Revenue From Collaboration Agreements was Lite Strategy’s largest revenue line in fiscal 2024, bringing in $64.55M of $65.30M (99%).
| Concentration Risk Benchmark | FY 2023 | FY 2024 |
|---|---|---|
| Revenue From Collaboration Agreements | — | $64.55M |
| Revenue From Customers | $47.73M | $752.00K |
| Total | $47.73M | $65.30M |
Lite Strategy brought in $65.30M from its two revenue lines in fiscal 2024, the year ended June 30, 2024. Lite Strategy regrouped these revenue lines after fiscal 2023, so the total does not compare directly with that year's $47.73M. Revenue From Collaboration Agreements was the largest at $64.55M (98.8%), ahead of Revenue From Customers at $752.00K (1.2%).
Lite Strategy began breaking out Revenue From Collaboration Agreements in fiscal 2024, when it brought in $64.55M.
Services Performed Over Time was Lite Strategy’s largest revenue line in fiscal 2023, bringing in $47.73M of $48.82M (98%).
| Timing Of Transfer Of Good Or Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|
| Services Performed Over Time | $6.77M | $31.30M | $37.30M | $47.73M | |||
| Pass Through Services At A Point In Time | — | — | $3.39M | $1.09M | |||
| Transferred At A Point In Time | $20.99M | $3.49M | — | — | |||
| License Transferred At A Point In Time | — | — | — | — | |||
| Total | $27.76M | $34.80M | $40.70M | $48.82M |
Lite Strategy brought in $48.82M from its two revenue lines in fiscal 2023, the year ended June 30, 2023. That was up 19.9% from $40.70M in fiscal 2022. Services Performed Over Time was the largest at $47.73M (97.8%), ahead of Pass Through Services At A Point In Time at $1.09M (2.2%).
Compared with fiscal 2022, Services Performed Over Time grew 27.9% to $47.73M, while Pass Through Services At A Point In Time fell 68.0% to $1.09M.
Lite Strategy began breaking out Pass Through Services At A Point In Time in fiscal 2022, when it brought in $3.39M. Lite Strategy stopped reporting Transferred At A Point In Time as a separate revenue line after fiscal 2021, when it brought in $3.49M.
Kkc Agreements was Lite Strategy’s largest revenue line in fiscal 2021, bringing in $34.36M of $34.80M (99%).
| Collaborative Arrangement and Arrangement Other than Collaborative | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|
| Kkc Agreements | — | $2.56M | $26.39M | $34.36M | |
| Helsinn License Agreement | $1.62M | $2.36M | $1.37M | $440.00K | |
| Total | $1.62M | $4.92M | $27.76M | $34.80M |
Lite Strategy brought in $34.80M from its two revenue lines in fiscal 2021, the year ended June 30, 2021. That was up 25.4% from $27.76M in fiscal 2020. Kkc Agreements was the largest at $34.36M (98.7%), ahead of Helsinn License Agreement at $440.00K (1.3%).
Lite Strategy began breaking out Kkc Agreements in fiscal 2019, when it brought in $2.56M.
Lite Strategy (LITS) reports its revenue by concentration risk benchmark, by timing of transfer of good or service and by collaborative arrangement and arrangement other than collaborative. In fiscal 2024, Revenue From Collaboration Agreements was its largest revenue line, bringing in $64.55M (98.8% of the total), followed by Revenue From Customers at $752.00K (1.2%).
Revenue From Collaboration Agreements was Lite Strategy's largest revenue line in fiscal 2024, bringing in $64.55M, or 98.8% of the $65.30M total across its two revenue lines.
Services Performed Over Time grew faster than Pass Through Services At A Point In Time in fiscal 2023, up 27.9% from $37.30M to $47.73M. Pass Through Services At A Point In Time fell 68.0% to $1.09M.
Every figure comes from Lite Strategy's annual financial filings, as reported. Each line keeps the name Lite Strategy gives it, and years follow its fiscal calendar.
Lite Strategy's revenue by concentration risk benchmark goes back to fiscal 2023, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.