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Verb Technology Co (Verb Technology Co) Gross Margin % : 58.62% (As of Dec. 2023)


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What is Verb Technology Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Verb Technology Co's Gross Profit for the three months ended in Dec. 2023 was $0.02 Mil. Verb Technology Co's Revenue for the three months ended in Dec. 2023 was $0.03 Mil. Therefore, Verb Technology Co's Gross Margin % for the quarter that ended in Dec. 2023 was 58.62%.


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

VERB' s Gross Margin % Range Over the Past 10 Years
Min: -62.5   Med: 51.82   Max: 69.84
Current: 68.5


During the past 12 years, the highest Gross Margin % of Verb Technology Co was 69.84%. The lowest was -62.50%. And the median was 51.82%.

VERB's Gross Margin % is ranked better than
76.84% of 2629 companies
in the Software industry
Industry Median: 41.79 vs VERB: 68.50

Verb Technology Co had a gross margin of 58.62% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Verb Technology Co was 0.00% per year.


Verb Technology Co Gross Margin % Historical Data

The historical data trend for Verb Technology Co'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.

Verb Technology Co Gross Margin % Chart

Verb Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.48 51.82 57.20 62.50 69.84

Verb Technology Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % 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 60.00 68.44 66.67 82.76 58.62

Competitive Comparison of Verb Technology Co's Gross Margin %

For the Software - Application subindustry, Verb Technology Co'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.


Verb Technology Co's Gross Margin % Distribution in the Software Industry

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

* The bar in red indicates where Verb Technology Co's Gross Margin % falls into.



Verb Technology Co Gross Margin % Calculation

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

Verb Technology Co'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 / 0.063
=(Revenue - Cost of Goods Sold) / Revenue
=(0.063 - 0.019) / 0.063
=69.84 %

Verb Technology Co'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 / 0.029
=(Revenue - Cost of Goods Sold) / Revenue
=(0.029 - 0.012) / 0.029
=58.62 %

* 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.


Verb Technology Co  (NAS:VERB) 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

Verb Technology Co had a gross margin of 58.62% for the quarter that ended in Dec. 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.


Verb Technology Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of Verb Technology Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Verb Technology Co (Verb Technology Co) Business Description

Traded in Other Exchanges
N/A
Address
3401 North Thanksgiving Way, Suite 240, Lehi, UT, USA, 84043
Verb Technology Co Inc leader in interactive video-based sales applications, transforms how businesses attract and engage customers. VERB's Software-as-a-Service platform, based on its proprietary interactive video technology, comprises a suite of easy-to-use, subscription-based sales enablement software products. Available in over 60 countries and in mobile and desktop versions, it includes verbLIVE an interactive livestream eCommerce, shoppable video and webinar, verbCRM a customer relationship management, verbTEAMS a self on-boarding version of verbCRM with built-in verbLIVE and salesforce synchronization for small businesses, verbLEARN a learning management system, and verbMAIL an interactive video mail solution integrated into Microsoft Outlook, among others.
Executives
Bill John Rivard officer: Interim CFO 3401 NORTH THANKSGIVING WAY,, SUITE 240, LEHI UT 84043
Edmund C. Moy director 130 ANDOVER PARK EAST SUITE 200, SEATTLE WA 98188
Salman Hassan Khan officer: Interim CFO 25651 BIRCHLEAF CT, VALENCIA CA 91381
Julie Ann Holdren officer: Chief Product Officer PO BOX 48, MT VERNON VA 22121
Mitchell Duane Bledsoe officer: Chief Information Officer 25992 SERENATA DR., MISSION VIEJO CA 92691
Jeff Clayborne officer: Chief Financial Officer 2644 GREENFIELD AVENUE, LOS ANGELES CA 90064
Kenneth S Cragun director 3775 CHIPPEWA CIRCLE, CORONA CA 92881
Judith Lynne Hammerschmidt director 3511 CAMBRIDGE ROAD, DURHAM 1W 27707-4509
Nancy R Heinen director 215 GOLDEN HILLS DRIVE, PORTOLA VALLEY CA 94028
Phillip J. Bond director 10718 OX CROFT COURT, FAIRFAX STATION VA 22039
James P Geiskopf director 901 HANCOCK AVENUE, UNIT 308, WEST HOLLYWOOD CA 90069
Rory J. Cutaia director, 10 percent owner, officer: Pres, Treas, Sec, CEO 1157 NORTH HIGHLAND AVENUE, SUITE C, HOLLYWOOD CA 90038-1204
Michael Timothy Psomas director 8605 SANTA MONITA BOULEVARD, LOS ANGELAS CA 90069
Peter Krogh Jensen director 4656 HOSKINS ROAD, NORTH VANCOUVER A1 V7K 2R1
Kim Watson officer: Exec. VP Strategic Relations 1157 HIGHLAND AVENUE, SUITE C, HOLLYWOOD CA 90038-1204