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Veritec (Veritec) Profitability Rank : 0 (As of Mar. 2024)


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What is Veritec Profitability Rank?

Veritec has the Profitability Rank of 0.

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

Veritec's Operating Margin % for the quarter that ended in Mar. 2024 was -121.32%. As of today, Veritec's Piotroski F-Score is 6.


Competitive Comparison of Veritec's Profitability Rank

For the Software - Application subindustry, Veritec'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.


Veritec's Profitability Rank Distribution in the Software Industry

For the Software industry and Technology sector, Veritec's Profitability Rank distribution charts can be found below:

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



Veritec 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.

Veritec has the Profitability Rank of 0.

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.

Veritec'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 )
=-0.165 / 0.136
=-121.32 %

* 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

Veritec has an F-score of 6 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.

Warning Sign:

Veritec Inc operating margin has been in a 5-year decline. The average rate of decline per year is -17.2%.

4. Consistency of the profitability

5. Predictability Rank


Veritec Profitability Rank Related Terms

Thank you for viewing the detailed overview of Veritec's Profitability Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Veritec (Veritec) Business Description

Traded in Other Exchanges
N/A
Address
12445 Winnetka Avenue North, Golden Valley, MN, USA, 55427
Veritec Inc is engaged in the development, marketing, sales, and licensing of products and rendering of professional services. The company renders professional services related to mobile banking technology. Its mobile banking technology is used to offer Prepaid Card Programs to sponsor banks and approved applicants/cardholders. The products and services offered by the company include MTC Debit Card - Visa Prepaid Card Programs, blinx ON-OFF Debit Card - Visa Prepaid Card Programs, Custom Branded Debit Card Programs, and blinxPay Mobile Wallet App. Geographically, it derives revenue from the United States.
Executives
Matthews Group, Llc 10 percent owner 2445 WINNETKA AVENUE, GOLDEN VALLEY MN 55427
Van Thuy Tran director, 10 percent owner, officer: CEO & President 2445 WINNETKA AVENUE, GOLDEN VALLEY MN 55427
Lawrence J Johanns 10 percent owner 2445 WINNETKA AVENUE, GOLDEN VALLEY MN 55427
Laird E. Powers director 530 HAWTHORNE COURT, LOS ALTOS CA 94024
David Christopher Reiling director 4516 FREMONT AVENUE SOUTH, MINNEAPOLIS MN 55419
Robert W Junghans director 2 SKILLMAN LANE, NORTH OAKS MN 55127
Jeffrey J Hattara officer: Chief Executive Officer 319 BARRY AVENUE SOUTH, SUITE 300, WAYZATA MN 55391
Gerald David Fors officer: CFO 7321-15TH AVE. SO., RICHFIELD MN 55423
Larry Matthews director 7601 5TH AVE., RICHFIELD MN 55423
Charles E Boyer director

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