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AppTech Payments (AppTech Payments) Gross Profit : $0.38 Mil (TTM As of Mar. 2024)


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What is AppTech Payments Gross Profit?

AppTech Payments's gross profit for the three months ended in Mar. 2024 was $0.09 Mil. AppTech Payments's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $0.38 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. AppTech Payments's gross profit for the three months ended in Mar. 2024 was $0.09 Mil. AppTech Payments's Revenue for the three months ended in Mar. 2024 was $0.11 Mil. Therefore, AppTech Payments's Gross Margin % for the quarter that ended in Mar. 2024 was 89.52%.

AppTech Payments had a gross margin of 89.52% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of AppTech Payments was 62.90%. The lowest was -56.08%. And the median was 57.09%.


AppTech Payments Gross Profit Historical Data

The historical data trend for AppTech Payments's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AppTech Payments Gross Profit Chart

AppTech Payments Annual Data
Trend Dec12 Dec13 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.19 0.20 0.23 0.32

AppTech Payments Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.07 0.10 0.11 0.09

Competitive Comparison of AppTech Payments's Gross Profit

For the Software - Infrastructure subindustry, AppTech Payments's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AppTech Payments's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, AppTech Payments's Gross Profit distribution charts can be found below:

* The bar in red indicates where AppTech Payments's Gross Profit falls into.



AppTech Payments Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

AppTech Payments's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=0.504 - 0.187
=0.32

AppTech Payments's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=0.105 - 0.011
=0.09

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.38 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

AppTech Payments's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.09 / 0.105
=89.52 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


AppTech Payments  (NAS:APCX) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

AppTech Payments had a gross margin of 89.52% for the quarter that ended in Mar. 2024 => Durable competitive advantage


AppTech Payments Gross Profit Related Terms

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AppTech Payments (AppTech Payments) Business Description

Traded in Other Exchanges
N/A
Address
5876 Owens Avenue, Suite 100, Carlsbad, CA, USA, 92008
AppTech Payments Corp is a FinTech company utilizing various payment processing and digital banking technologies to complement core merchant services capabilities. The company's patented and proprietary software will provide progressive and adaptable products that are available through a suite of synergistic offerings directly to merchants, banking institutions, and business enterprises. It is developing a secure digital payments and banking platform that powers commerce experiences for clients and customers. Based upon industry standards for payment and banking protocols, it will offer standalone products and fully integrated solutions that deliver unparalleled payments, banking, and financial services experiences.
Executives
Chad Nelley officer: COO 5876 OWENS AVE, SUITE #100, CARLSBAD CA 92008
Benjamin D Jenkins officer: CTO 5876 OWENS AVE., SUITE 100, CARLSBAD CA 92008
Christopher S Williams director 5876 OWENS AVE, SUITE 100, CARLSBAD CA 92008
Michael A. O'neal director C/O NORTEK SECURITY & CONTROL LLC, 1950 CAMINO VIDA ROBLE, CARLSBAD CA 92008
William Huff director 2275 RIO BONITO WAY, SUITE 210, SAN DIEGO CA 92108
Mengyin H Liang director 124 STELLAR, IRVINE CA 92618
Marc D Evans officer: Corporate Secretary 5876 OWENS AVE, SUITE 100, CARLSBAD CA 92008
Michael Yadgar director PO BOX 259, MANAMA C6 00000
Ventures Ndigital 10 percent owner C/O INFINIOS SOLUTIONS (BAHRAIN) W.L.L., PO BOX 11970, MANAMA C6 00000
Virgil Llapitan other: Executive Vice President 2302 ALTISMA WAY, 104, CARLSBAD CA 92009
Michael B Gross director 5876 OWENS AVENUE, SUITE 100, CARLSBAD CA 92008
Jeffrey Moriarty officer: Secretary 12545 PARISH ROAD, SAN DIEGO CA 92128
Gary B Wachs director, officer: Chief Financial Officer 23500 MERCANTILE RD, SUITE A, BEACHWOOD OH 44122
Luke Damian D'angelo director, 10 percent owner, officer: Executive Director, Chairman 2011 PALOMAR AIRPORT ROAD, SUITE 102, CARLSBAD CA 92011
Timothy J Connolly director, 10 percent owner, officer: President and CEO 1770 ST JAMES PLACE, SUITE 116, HOUSTON TX 77056

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