Micron Solutions (Micron Solutions) Gross Margin % : 6.26% (As of Mar. 2023)

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What is Micron Solutions Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Micron Solutions's Gross Profit for the three months ended in Mar. 2023 was $0.32 Mil. Micron Solutions's Revenue for the three months ended in Mar. 2023 was $5.18 Mil. Therefore, Micron Solutions's Gross Margin % for the quarter that ended in Mar. 2023 was 6.26%.

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

MICRD's Gross Margin % is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 52.83
* Ranked among companies with meaningful Gross Margin % only.

Micron Solutions had a gross margin of 6.26% for the quarter that ended in Mar. 2023 => No sustainable competitive advantage

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

Micron Solutions Gross Margin % Historical Data

The historical data trend for Micron Solutions'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.

Micron Solutions Gross Margin % Chart

Micron Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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11.88

10.07

17.02

9.07

12.63

Micron Solutions Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Gross Margin %	Get a 7-Day Free Trial															8.48	13.92	16.32	10.75	6.26

Competitive Comparison of Micron Solutions's Gross Margin %

For the Medical Devices subindustry, Micron Solutions'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.

Micron Solutions's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Micron Solutions's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Micron Solutions's Gross Margin % falls into.

Micron Solutions Gross Margin % Calculation

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

Micron Solutions'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 )
	=	2.9	/	22.565
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(22.565 - 19.715)	/	22.565
	=	12.63 %

Micron Solutions's Gross Margin for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	0.3	/	5.178
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5.178 - 4.854)	/	5.178
	=	6.26 %

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.

Micron Solutions (OTCPK:MICRD) 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

Micron Solutions had a gross margin of 6.26% for the quarter that ended in Mar. 2023 => No sustainable 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.

Micron Solutions Gross Margin % Related Terms

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Micron Solutions (Micron Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micron Solutions Inc (OTCPK:MICRD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Sawyer Passway, Fitchburg, MA, USA, 01420

Website

https://www.micronsolutionsinc.com

Micron Solutions Inc is a diversified contract manufacturing organization that produces engineered medical device components requiring precision machining and injection molding. It provides design, engineering, quality, and regulatory expertise across the three product lines, machining, thermoplastic injection molding, and sensors. It's engaged in the production and sale of silver chloride-coated and conductive resin sensors used as consumable component parts in the manufacture of integrated disposable electrophysiological sensors. It also provides other value-added services, including the design, manufacture, and rehabilitation of injection molding tools, pad printing, ultrasonic welding, stamping, laser marking, clean room molding, and others.

Executives

Steven D. Heinemann	10 percent owner	C/O GOOSE HILL CAPITAL, 546 FIFTH AVENUE, 14TH FLOOR, NEW YORK NY 10036
Wayne M Coll	officer: CFO
Rodd Friedman	director, 10 percent owner	12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Jason Russell Chambers	director	4355 COBB PKWY, SUITE J BOX 269, ATLANTA 2Q 30339
Robert A Mello	director	C/O IRIS INTERNATIONAL, INC., 9158 ETON AVENUE, CHATSWORTH CA 91311
William J. Laursen	director, officer: Chief Executive Officer	13 PENINSULA ROAD, HARVARD MA 01451
Andrei Soran	director	28 LOTHROP STREET, NEWTON MA 02460
Bryan Ganz	director	C/O ARRHYTHMIA RESEARCH TECHNOLOGY, INC., 25 SAWYER PASSWAY, FITCHBURG MA 01420
Ref Securities & Co.	10 percent owner	12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Marco Benedetti	director	9645 WEHRLE DRIVE, CLARENCE NY 14031
Salvatore Jr Emma	director, officer: PRESIDENT and CEO	20 LONGLEY ROAD, SHIRLEY MA 01464
Derek Thomas Welch	officer: Prin.Financial & Accounting	405 NEW WEST TOWNSEND ROAD, LUNENBURG MA 01462
Patrick L Muldoon	director	215 HUBBARDSTON ROAD, PRINCETON MA 01541
Michael S Gunter	director	104 CAMBRIDGE PLAZA DRIVE, WINSTON-SALEM NC 27104
Michael Francis Nolan	officer: Chief Operating Officer	25 SAWYER PASSWAY, FITCHBURG MA 01420