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Gross Margin % is calculated as gross profit divided by its revenue. Startengine Crowdfunding's Gross Profit for the three months ended in Dec. 2023 was $3.65 Mil. Startengine Crowdfunding's Revenue for the three months ended in Dec. 2023 was $7.73 Mil. Therefore, Startengine Crowdfunding's Gross Margin % for the quarter that ended in Dec. 2023 was 47.18%.
The historical rank and industry rank for Startengine Crowdfunding's Gross Margin % or its related term are showing as below:
During the past 3 years, the highest Gross Margin % of Startengine Crowdfunding was 79.75%. The lowest was 62.78%. And the median was 71.06%.
Startengine Crowdfunding had a gross margin of 47.18% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Startengine Crowdfunding was 0.00% per year.
The historical data trend for Startengine Crowdfunding'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.
Startengine Crowdfunding Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Gross Margin % | 79.75 | 71.06 | 62.78 |
Startengine Crowdfunding Quarterly Data | |||||||||||
Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Gross Margin % | Get a 7-Day Free Trial | 66.56 | 68.40 | 73.48 | 69.91 | 47.18 |
For the Capital Markets subindustry, Startengine Crowdfunding'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.
For the Capital Markets industry and Financial Services sector, Startengine Crowdfunding's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Startengine Crowdfunding's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Startengine Crowdfunding's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as
Gross Margin % (A: Dec. 2023 ) | = | Gross Profit (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 14.7 | / | 23.386 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (23.386 - 8.704) | / | 23.386 | |
= | 62.78 % |
Startengine Crowdfunding's Gross Margin for the quarter that ended in Dec. 2023 is calculated as
Gross Margin % (Q: Dec. 2023 ) | = | Gross Profit (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 3.6 | / | 7.726 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (7.726 - 4.081) | / | 7.726 | |
= | 47.18 % |
* 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.
Startengine Crowdfunding (OTCPK:STGC) 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
Startengine Crowdfunding had a gross margin of 47.18% for the quarter that ended in Dec. 2023 => 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.
Thank you for viewing the detailed overview of Startengine Crowdfunding's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joshua Daniel Amster | officer: VP, Fundraising | 16029 SKYTOP RD ENCINO CA 91436 |
Jonathan Reyes | officer: Chief Compliance Officer | 3900 W ALAMEDA AVE STE 1200 BURBANK CA 91505 |
Aubrey Chernick | 10 percent owner | C/O STARTENGINE CROWDFUNDING INC. 3900 W ALAMEDA AVE STE 1200 BURBANK CA 91505 |
Lee Miller | 10 percent owner | 1014 23RD ST. SANTA MONICA CA 90403 |
Johanna Cronin | officer: Chief Marketing Officer | 3900 W ALAMEDA AVE STE 1200 BURBANK CA 91505 |
Howard Edward Marks | director, 10 percent owner, officer: Chief Executive Officer | 2900 W ALAMEDA AVE SUITE 1200 BURBANK CA 91505 |
Ronald David Miller | director, 10 percent owner | 3900 W ALAMEDA AVE STE 1200 BURBANK CA 91505 |
Jebsen Allen C D | officer: SVP, Fundraising | 3900 W ALAMEDA AVE SUITE 1200 BURBANK CA 91505 |
Hunter Strassman | officer: VP, Finance | C/O STARTENGINE CROWDFUNDING INC. 3900 W ALAMEDA AVE STRE 1200 BURBANK CA 91515 |
Joeseph Mathews | officer: Chief Technology Officer | C/O STARTENGINE CROWDFUNDING INC. 3900 W ALAMEDA AVE. SUITE 1200 BURBANK CA 91505 |
From GuruFocus
By GuruFocus Research GuruFocus Editor • 12-22-2022
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