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iCoreConnect (iCoreConnect) Profitability Rank : 3 (As of Mar. 2024)


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What is iCoreConnect Profitability Rank?

iCoreConnect has the Profitability Rank of 3. It has had trouble to make a profit.

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way. It is based on these factors:

1. Operating Margin %
2. Piotroski F-Score
3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.
4. Consistency of the profitability
5. Predictability Rank

iCoreConnect's Operating Margin % for the quarter that ended in Mar. 2024 was -111.72%. As of today, iCoreConnect's Piotroski F-Score is 4.


Competitive Comparison of iCoreConnect's Profitability Rank

For the Health Information Services subindustry, iCoreConnect's Profitability Rank, along with its competitors' market caps and Profitability Rank 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 Profitability Rank Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, iCoreConnect's Profitability Rank distribution charts can be found below:

* The bar in red indicates where iCoreConnect's Profitability Rank falls into.



iCoreConnect Profitability Rank Calculation

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

iCoreConnect has the Profitability Rank of 3. It has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength. But if a company is consistently profitable, its financial strength will be stronger.

Profitability Rank is based on these factors:

1. Operating Margin %

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

iCoreConnect's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=-3.042 / 2.723
=-111.72 %

* 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.

2. Piotroski F-Score

The zones of discrimination were as such:

Good or high score = 8 or 9
Bad or low score = 0 or 1

iCoreConnect has an F-score of 4 indicating the company's financial situation is typical for a stable company.

3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.

Good Sign:

iCoreConnect Inc operating margin is expanding. Margin expansion is usually a good sign.

4. Consistency of the profitability

5. Predictability Rank


iCoreConnect Profitability Rank Related Terms

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iCoreConnect (iCoreConnect) Business Description

Traded in Other Exchanges
N/A
Address
529 E Crown Point Road, Suite 250, Ocoee, FL, USA, 34761
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.
Executives
Archit Shah officer: Chief Financial Officer 529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
John Pasqual director C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Joseph Gitto director C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Muralidar Chakravarthi officer: Chief Technology Officer 529 EAST CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Harry Joseph Travis director C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
David A. Fidanza officer: Chief Information Officer 529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Robert P Mcdermott director, 10 percent owner, officer: CEO, President and Chairman 529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Mark Penway officer: Chief Financial Officer 105 S MAPLE STREET, ITASCA IL 60143
Kevin Patrick Mcdermott director C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Jefff Wayne Stellinga director 529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Robert A Desanti director, 10 percent owner 529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Jeff L Sutton director 105 S MAPLE STREET, ITASCA IL 60143
Ryan Turner director 105 S MAPLE STREET, ITASCA IL 60143
Marvin Wesley Schrader director, officer: Chief Executive Officer 105 S MAPLE STREET, ITASCA IL 60143
Fg Merger Investors Llc 10 percent owner 105 S MAPLE STREET, ITASCA IL 60143