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AirNet Technology (AirNet Technology) Gross Margin % : -159.11% (As of Jun. 2023)


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What is AirNet Technology Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. AirNet Technology's Gross Profit for the six months ended in Jun. 2023 was $-0.86 Mil. AirNet Technology's Revenue for the six months ended in Jun. 2023 was $0.54 Mil. Therefore, AirNet Technology's Gross Margin % for the quarter that ended in Jun. 2023 was -159.11%.


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

ANTE' s Gross Margin % Range Over the Past 10 Years
Min: -363.94   Med: -31.14   Max: 16.41
Current: -363.94


During the past 13 years, the highest Gross Margin % of AirNet Technology was 16.41%. The lowest was -363.94%. And the median was -31.14%.

ANTE's Gross Margin % is ranked worse than
99.59% of 964 companies
in the Media - Diversified industry
Industry Median: 38.52 vs ANTE: -363.94

AirNet Technology had a gross margin of -159.11% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage

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


AirNet Technology Gross Margin % Historical Data

The historical data trend for AirNet Technology'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.

AirNet Technology Gross Margin % Chart

AirNet Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -32.93 -29.07 16.41 -26.53 -82.11

AirNet Technology Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.06 -173.31 5.23 -653.95 -159.11

Competitive Comparison of AirNet Technology's Gross Margin %

For the Advertising Agencies subindustry, AirNet Technology'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.


AirNet Technology's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AirNet Technology's Gross Margin % distribution charts can be found below:

* The bar in red indicates where AirNet Technology's Gross Margin % falls into.



AirNet Technology Gross Margin % Calculation

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

AirNet Technology'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 )
=-2.4 / 2.868
=(Revenue - Cost of Goods Sold) / Revenue
=(2.868 - 5.223) / 2.868
=-82.11 %

AirNet Technology's Gross Margin for the quarter that ended in Jun. 2023 is calculated as


Gross Margin % (Q: Jun. 2023 )=Gross Profit (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=-0.9 / 0.538
=(Revenue - Cost of Goods Sold) / Revenue
=(0.538 - 1.394) / 0.538
=-159.11 %

* 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.


AirNet Technology  (NAS:ANTE) 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

AirNet Technology had a gross margin of -159.11% for the quarter that ended in Jun. 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.


AirNet Technology Gross Margin % Related Terms

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AirNet Technology (AirNet Technology) Business Description

Traded in Other Exchanges
N/A
Address
No. 26 Dongzhimenwai Street, Chaoyang District, Beijing, CHN, 100027
AirNet Technology Inc provides in-flight solutions to connectivity, entertainment, and digital multimedia in China. It offers Internet connections through a network of satellites and land-based beacons, provides airline travelers with interactive entertainment, and breaking news, and furnishes corporate clients with advertisements tailored to the perceptions of the travelers. It operates in two operating segments i.e. cryptocurrency mining, and selling advertising time slots on their network, air travel advertising network throughout PRC.