Looking Glass Labs (AQSE:NFTX) Gross Margin % : 85.08% (As of Jan. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Looking Glass Labs Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Looking Glass Labs's Gross Profit for the three months ended in Jan. 2024 was £0.33 Mil. Looking Glass Labs's Revenue for the three months ended in Jan. 2024 was £0.38 Mil. Therefore, Looking Glass Labs's Gross Margin % for the quarter that ended in Jan. 2024 was 85.08%.

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

AQSE:NFTX' s Gross Margin % Range Over the Past 10 Years
Min: 83.21 Med: 86.45 Max: 89.68
Current: 83.92

During the past 4 years, the highest Gross Margin % of Looking Glass Labs was 89.68%. The lowest was 83.21%. And the median was 86.45%.

AQSE:NFTX's Gross Margin % is ranked better than
90.32% of 2633 companies
in the Software industry
Industry Median: 41.79 vs AQSE:NFTX: 83.92

Looking Glass Labs had a gross margin of 85.08% for the quarter that ended in Jan. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Looking Glass Labs was 0.00% per year.

Looking Glass Labs Gross Margin % Historical Data

The historical data trend for Looking Glass Labs'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.

Looking Glass Labs Gross Margin % Chart

Looking Glass Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Gross Margin %

89.68

83.12

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %	Get a 7-Day Free Trial											72.73	-	85.82	85.13	85.08

Competitive Comparison of Looking Glass Labs's Gross Margin %

For the Software - Infrastructure subindustry, Looking Glass Labs'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.

Looking Glass Labs's Gross Margin % Distribution in the Software Industry

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

* The bar in red indicates where Looking Glass Labs's Gross Margin % falls into.

Looking Glass Labs Gross Margin % Calculation

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

Looking Glass Labs's Gross Margin for the fiscal year that ended in Jul. 2023 is calculated as

Gross Margin % (A: Jul. 2023 )	=	Gross Profit (A: Jul. 2023 )	/	Revenue (A: Jul. 2023 )
	=	0.3	/	0.385
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.385 - 0.065)	/	0.385
	=	83.12 %

Looking Glass Labs's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	0.3	/	0.382
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.382 - 0.057)	/	0.382
	=	85.08 %

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.

Looking Glass Labs (AQSE:NFTX) 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

Looking Glass Labs had a gross margin of 85.08% for the quarter that ended in Jan. 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.

Looking Glass Labs Gross Margin % Related Terms

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

Looking Glass Labs (AQSE:NFTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Looking Glass Labs Ltd (AQSE:NFTX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

H1N0:Germany NFTX:Canada

Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

Looking Glass Labs (AQSE:NFTX) Headlines

No Headlines