LQR House's gross profit for the
three
months ended in Mar. 2024 was $-0.08 Mil. LQR House's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $0.08 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. LQR House's gross profit for the
three
months ended in Mar. 2024 was $-0.08 Mil. LQR House's Revenue for the
three
months ended in Mar. 2024 was $0.48 Mil. Therefore, LQR House's Gross Margin % for the quarter that ended in Mar. 2024 was -16.42%.
LQR House had a gross margin of -16.42% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
During the past 3 years, the highestGross Margin % of LQR House was 18.29%. The lowest was -114.92%. And the median was -33.61%.
LQR House Gross Profit Historical Data
The historical data trend for LQR House'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.
Competitive Comparison of LQR House's Gross Profit
For the Beverages - Wineries & Distilleries subindustry, LQR House'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.
LQR House's Gross Profit Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, LQR House's Gross Profit distribution charts can be found below:
* The bar in red indicates where LQR House's Gross Profit falls into.
LQR House Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
LQR House's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.08 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
LQR House (NAS:LQR) 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
LQR House had a gross margin of -16.42% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
LQR House Gross Profit Related Terms
Thank you for viewing the detailed overview of LQR House's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
LQR House Inc intends to become the full-service digital marketing and brand development face of the alcoholic beverage space. It also intends to integrate the supply, sales, and marketing facets of the alcoholic beverage space into one easy-to-use platform and become the one-stop shop for everything related to alcohol. The company's primary business includes the development of premium limited-batch spirit brands, establishing an exclusive wine club, and marketing internal and external brands through an exclusive agreement with a U.S.-based e-commerce portal. It believes that the marketing and brand management services it provides to its wholly owned and third-party clients will increase brand recognition thereof, and drive sales thereof through its e-commerce platform partner.
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