The historical rank and industry rank for iCoreConnect's Gross Margin % or its related term are showing as below:
ICCT'
s Gross Margin % Range Over the Past 10 Years
Min: 42.35 Med: 69.02 Max: 98.99
Current: 77.3
During the past 13 years, the highestGross Margin % of iCoreConnect was 98.99%. The lowest was 42.35%. And the median was 69.02%.
ICCT's Gross Margin % is ranked better than 82.43% of 609
companies
in the Healthcare Providers & Services industry
Industry Median: 41.61
vs ICCT: 77.30
iCoreConnect had a gross margin of 81.16% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for iCoreConnect was 4.60% per year.
iCoreConnect Gross Margin % Historical Data
The historical data trend for iCoreConnect'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.
Competitive Comparison of iCoreConnect's Gross Margin %
For the Health Information Services subindustry, iCoreConnect'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.
iCoreConnect's Gross Margin % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, iCoreConnect's Gross Margin % distribution charts can be found below:
* The bar in red indicates where iCoreConnect's Gross Margin % falls into.
* 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.
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
iCoreConnect had a gross margin of 81.16% for the quarter that ended in Mar. 2024 => Durable 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.
iCoreConnect Gross Margin % Related Terms
Thank you for viewing the detailed overview of iCoreConnect's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems. Its core services technology can be adopted to other vertical markets that require a high degree of secure data communication, such as the legal, financial and education fields. It markets secure HIPAA compliant cloud-based software as a service (SaaS) offering under the names of iCoreExchange, iCoreCodeGenius, iCoreSecure, iCoreMD, iCoreDental, iCoreMobile, iCoreHuddle, iCoreRx, iCorePDMP, iCoreEPCS, and iCorePay. The company's software is sold under annual recurring revenue subscriptions. The Company has a single reporting segment for reporting purposes focused on the North American market.
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