Otonomo Technologies (Otonomo Technologies) Gross Margin % : 72.94% (As of Jun. 2023)

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What is Otonomo Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Otonomo Technologies's Gross Profit for the three months ended in Jun. 2023 was $1.19 Mil. Otonomo Technologies's Revenue for the three months ended in Jun. 2023 was $1.63 Mil. Therefore, Otonomo Technologies's Gross Margin % for the quarter that ended in Jun. 2023 was 72.94%.

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

OTMOW' s Gross Margin % Range Over the Past 10 Years
Min: -196.12 Med: 29.71 Max: 51.84
Current: 51.11

During the past 4 years, the highest Gross Margin % of Otonomo Technologies was 51.84%. The lowest was -196.12%. And the median was 29.71%.

OTMOW's Gross Margin % is not ranked
in the Software industry.
Industry Median: 41.79 vs OTMOW: 51.11

Otonomo Technologies had a gross margin of 72.94% for the quarter that ended in Jun. 2023 => Durable competitive advantage

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

Otonomo Technologies Gross Margin % Historical Data

The historical data trend for Otonomo Technologies'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.

Otonomo Technologies Gross Margin % Chart

Otonomo Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross Margin %

-196.12

14.72

44.69

51.84

Otonomo Technologies Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Gross Margin %	Get a 7-Day Free Trial							49.95	49.01	50.67	34.53	72.94

Competitive Comparison of Otonomo Technologies's Gross Margin %

For the Software - Application subindustry, Otonomo Technologies'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.

Otonomo Technologies's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Otonomo Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Otonomo Technologies's Gross Margin % falls into.

Otonomo Technologies Gross Margin % Calculation

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

Otonomo Technologies's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	3.6	/	6.992
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.992 - 3.367)	/	6.992
	=	51.84 %

Otonomo Technologies's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1.2	/	1.626
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.626 - 0.44)	/	1.626
	=	72.94 %

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.

Otonomo Technologies (NAS:OTMOW) 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

Otonomo Technologies had a gross margin of 72.94% for the quarter that ended in Jun. 2023 => 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.

Otonomo Technologies Gross Margin % Related Terms

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Otonomo Technologies (Otonomo Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Otonomo Technologies Ltd (NAS:OTMOW) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Abba Eban Boulevard, Herzliya Pituach, ISR, 467256

Website

https://www.otonomo.io

Otonomo Technologies Ltd is a provider of vehicle data. It delivers the Otonomo Vehicle Data Platform and marketplace that enables car manufacturers, drivers, and service providers to be part of a connected ecosystem. Its vehicle data marketplace is a neutral intermediary between vehicle data providers and data consumers. It provides secure and equal access to hundreds of data attributes that reveal insights into driver behaviour, vehicle health, road hazards, environmental conditions, and traffic trends. Geographically it operates in APAC, and USA whilst earning key revenue from the EMEA region.