Electric Last Mile Solutions (Electric Last Mile Solutions) Gross Margin % : 1.47% (As of Sep. 2021)

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What is Electric Last Mile Solutions Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Electric Last Mile Solutions's Gross Profit for the three months ended in Sep. 2021 was $0.00 Mil. Electric Last Mile Solutions's Revenue for the three months ended in Sep. 2021 was $0.14 Mil. Therefore, Electric Last Mile Solutions's Gross Margin % for the quarter that ended in Sep. 2021 was 1.47%.

The historical rank and industry rank for Electric Last Mile Solutions's Gross Margin % or its related term are showing as below:

ELMSQ's Gross Margin % is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 19.88
* Ranked among companies with meaningful Gross Margin % only.

Electric Last Mile Solutions had a gross margin of 1.47% for the quarter that ended in Sep. 2021 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Electric Last Mile Solutions was 0.00% per year.

Electric Last Mile Solutions Gross Margin % Historical Data

The historical data trend for Electric Last Mile Solutions'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.

* Premium members only.

Electric Last Mile Solutions Gross Margin % Chart

Electric Last Mile Solutions Annual Data

Trend

Gross Margin %

Electric Last Mile Solutions Quarterly Data
	Jun21	Sep21
Gross Margin %	-	1.47

Competitive Comparison of Electric Last Mile Solutions's Gross Margin %

For the Auto Manufacturers subindustry, Electric Last Mile Solutions'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.

Electric Last Mile Solutions's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Electric Last Mile Solutions's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Electric Last Mile Solutions's Gross Margin % falls into.

Electric Last Mile Solutions Gross Margin % Calculation

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

Electric Last Mile Solutions's Gross Margin for the fiscal year that ended in . 20 is calculated as

Gross Margin % (A: . 20 )	=	Gross Profit (A: . 20 )	/	Revenue (A: . 20 )
	=	0	/
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	( - )	/
	=	N/A %

Electric Last Mile Solutions's Gross Margin for the quarter that ended in Sep. 2021 is calculated as

Gross Margin % (Q: Sep. 2021 )	=	Gross Profit (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	0	/	0.136
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.136 - 0.134)	/	0.136
	=	1.47 %

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.

Electric Last Mile Solutions (OTCPK:ELMSQ) 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

Electric Last Mile Solutions had a gross margin of 1.47% for the quarter that ended in Sep. 2021 => 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.

Electric Last Mile Solutions Gross Margin % Related Terms

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Electric Last Mile Solutions (Electric Last Mile Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electric Last Mile Solutions Inc (OTCPK:ELMSQ) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Square Lake Road, Troy, MI, USA, 48098

Website

https://www.electriclastmile.com

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.

Executives

Dono Thomas Michael Jr	officer: Ch. Legal Officer & Corp. Sec.	882 SIMPSON STREET, PLYMOUTH MI 48170
Jonathan Ballon	officer: Chief Strategy & Digital Ofcr	1055 W SQUARE LAKE ROAD TROY MI 48098
Yao (rob) Song	officer: Treasurer, PAO and Controller	125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062
Hailiang Hu	officer: Chief Operating Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Richard N. Peretz	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kevork Tro Adjemian	officer: Chief Technical Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
James Taylor	director, officer: Chief Executive Officer	1070 WEST GUNN ROAD, ROCHESTER MI 48306
Benjamin F Wu	officer: General Counsel and Secretary	1055 W. SQUARE LAKE ROAD TROY MI 48098
Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Albert Li	officer: CFO & Treasurer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Jason Luo	director, 10 percent owner, officer: Executive Chairman & President	1055 W. SQUARE LAKE ROAD TROY MI 48098
Brian M Krzanich	director	1210 MACDONALD RANCH ROAD, HENDERSON NV 89012
Neil Goldberg	director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Forum Capital Management Iii Llc	director, 10 percent owner	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445
Forum Investors Iii Llc	director, 10 percent owner, other: *Director by Deputization	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445