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iGen Networks's gross profit for the three months ended in Sep. 2023 was $0.03 Mil. iGen Networks's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $0.05 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. iGen Networks's gross profit for the three months ended in Sep. 2023 was $0.03 Mil. iGen Networks's Revenue for the three months ended in Sep. 2023 was $0.05 Mil. Therefore, iGen Networks's Gross Margin % for the quarter that ended in Sep. 2023 was 64.58%.
iGen Networks had a gross margin of 64.58% for the quarter that ended in Sep. 2023 => Durable competitive advantage
During the past 13 years, the highest Gross Margin % of iGen Networks was 53.90%. The lowest was -1.57%. And the median was 34.56%.
The historical data trend for iGen Networks's Gross Profit 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.
iGen Networks Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 0.53 | 0.21 | 0.10 | 0.15 | -0.01 |
iGen Networks Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Gross Profit | Get a 7-Day Free Trial | -0.03 | -0.01 | 0.02 | 0.01 | 0.03 |
For the Software - Application subindustry, iGen Networks's Gross Profit, along with its competitors' market caps and Gross Profit 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.
For the Software industry and Technology sector, iGen Networks's Gross Profit distribution charts can be found below:
* The bar in red indicates where iGen Networks's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
iGen Networks's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as
Gross Profit (A: Dec. 2022 ) | = | Revenue | - | Cost of Goods Sold |
= | 0.318 | - | 0.323 | |
= | -0.01 |
iGen Networks's Gross Profit for the quarter that ended in Sep. 2023 is calculated as
Gross Profit (Q: Sep. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 0.048 | - | 0.017 | |
= | 0.03 |
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.05 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
iGen Networks's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as
Gross Margin % (Q: Sep. 2023 ) | = | Gross Profit (Q: Sep. 2023 ) | / | Revenue (Q: Sep. 2023 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 0.03 | / | 0.048 | |
= | 64.58 % |
* 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.
iGen Networks (OTCPK:IGEN) Gross Profit 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
iGen Networks had a gross margin of 64.58% for the quarter that ended in Sep. 2023 => Durable competitive advantage
Thank you for viewing the detailed overview of iGen Networks's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Neil Gene Chan | director, officer: CEO | 1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7 |
Robert G Friedman | director, 10 percent owner | 510 EAST 80 STREET, NEW YORK NY 10075 |
Sierra Abel Israel Sr | officer: VP/GM | 28375 ROSTRATA AVE, LAKE ELSINORE CA 92532 |
Robert Nealon | director | 119 NORTH HENRY STREET, ALEXANDRIA VA 22314 |
Richard Allan Freeman | director, officer: COO | 361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5 |
Richard Gilbertson | director, officer: Chief Financial Officer | 408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069 |
Chris Shade | director | 84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9 |
Monty Ormsby | director, officer: President | 5605 INDIGO BAY WAY, LAS VEGAS NV 89131 |
Michael Grudman | director, officer: CFO | 104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1 |
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