Great Basin Scientific (Great Basin Scientific) Gross Profit : $-5.03 Mil (TTM As of Mar. 2017)

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What is Great Basin Scientific Gross Profit?

Great Basin Scientific's gross profit for the three months ended in Mar. 2017 was $-1.15 Mil. Great Basin Scientific's gross profit for the trailing twelve months (TTM) ended in Mar. 2017 was $-5.03 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Great Basin Scientific's gross profit for the three months ended in Mar. 2017 was $-1.15 Mil. Great Basin Scientific's Revenue for the three months ended in Mar. 2017 was $0.83 Mil. Therefore, Great Basin Scientific's Gross Margin % for the quarter that ended in Mar. 2017 was -138.27%.

Great Basin Scientific had a gross margin of -138.27% for the quarter that ended in Mar. 2017 => No sustainable competitive advantage

Great Basin Scientific Gross Profit Historical Data

The historical data trend for Great Basin Scientific'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.

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Great Basin Scientific Gross Profit Chart

Great Basin Scientific Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Gross Profit

-0.70

-1.43

-2.36

-2.67

-5.01

Great Basin Scientific Quarterly Data
	Dec12	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Gross Profit	Get a 7-Day Free Trial												-1.13	-1.16	-1.43	-1.30	-1.15

Competitive Comparison of Great Basin Scientific's Gross Profit

For the Diagnostics & Research subindustry, Great Basin Scientific'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.

Great Basin Scientific's Gross Profit Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Great Basin Scientific's Gross Profit distribution charts can be found below:

* The bar in red indicates where Great Basin Scientific's Gross Profit falls into.

Great Basin Scientific Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Great Basin Scientific's Gross Profit for the fiscal year that ended in Dec. 2016 is calculated as

Gross Profit (A: Dec. 2016 )	=	Revenue	-	Cost of Goods Sold
	=	3.048	-	8.061
	=	-5.01

Great Basin Scientific's Gross Profit for the quarter that ended in Mar. 2017 is calculated as

Gross Profit (Q: Mar. 2017 )	=	Revenue	-	Cost of Goods Sold
	=	0.831	-	1.98
	=	-1.15

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.03 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Great Basin Scientific's Gross Margin % for the quarter that ended in Mar. 2017 is calculated as

Gross Margin % (Q: Mar. 2017 )	=	Gross Profit (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	-1.15	/	0.831
	=	-138.27 %

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.

Great Basin Scientific (GREY:GBSNQ) 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

Great Basin Scientific had a gross margin of -138.27% for the quarter that ended in Mar. 2017 => No sustainable competitive advantage

Great Basin Scientific Gross Profit Related Terms

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Great Basin Scientific (Great Basin Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Great Basin Scientific Inc (GREY:GBSNQ) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

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Address

420 East South Temple, Suite 520, Salt Lake City, UT, USA, 84111

Website

http://www.gbscience.com

Great Basin Scientific Inc is the United States based molecular diagnostic testing company. It is focused on the development and commercialization of molecular diagnostic platform designed to test for the infectious disease, especially hospital-acquired infections. Molecular diagnostic testing reduces test time from days to hours compared to culture methods. The company's system includes an analyzer, which it provides for the customers' use without charge in the United States, and a diagnostic cartridge, which it sells to the customers. The group derives its revenue from the sale of single-use assays sold in the United States, the European Union, and New Zealand, of which majority of the revenue is generated from the United States.

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