Envoy Medical (Envoy Medical) Gross Margin % : -146.32% (As of Dec. 2023)

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What is Envoy Medical Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Envoy Medical's Gross Profit for the three months ended in Dec. 2023 was $-0.14 Mil. Envoy Medical's Revenue for the three months ended in Dec. 2023 was $0.10 Mil. Therefore, Envoy Medical's Gross Margin % for the quarter that ended in Dec. 2023 was -146.32%.

The historical rank and industry rank for Envoy Medical's Gross Margin % or its related term are showing as below:

COCH' s Gross Margin % Range Over the Past 10 Years
Min: -217.65 Med: -148.06 Max: -110.13
Current: -217.65

During the past 3 years, the highest Gross Margin % of Envoy Medical was -110.13%. The lowest was -217.65%. And the median was -148.06%.

COCH's Gross Margin % is ranked worse than
98.62% of 796 companies
in the Medical Devices & Instruments industry
Industry Median: 53.135 vs COCH: -217.65

Envoy Medical had a gross margin of -146.32% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Envoy Medical was 0.00% per year.

Envoy Medical Gross Margin % Historical Data

The historical data trend for Envoy Medical's Gross Margin % 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.

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Envoy Medical Gross Margin % Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Gross Margin %

-148.06

-110.13

-149.68

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial			-85.96	-655.00	-428.57	-136.25	-146.32

Competitive Comparison of Envoy Medical's Gross Margin %

For the Medical Devices subindustry, Envoy Medical's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Envoy Medical's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Envoy Medical's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Envoy Medical's Gross Margin % falls into.

Envoy Medical Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Envoy Medical's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-0.5	/	0.316
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.316 - 0.789)	/	0.316
	=	-149.68 %

Envoy Medical's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-0.1	/	0.095
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.095 - 0.234)	/	0.095
	=	-146.32 %

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.

Envoy Medical (NAS:COCH) Gross Margin % 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

Envoy Medical had a gross margin of -146.32% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Envoy Medical Gross Margin % Related Terms

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Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.