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IronNet's gross profit for the three months ended in Oct. 2023 was $0.73 Mil. IronNet's gross profit for the trailing twelve months (TTM) ended in Oct. 2023 was $10.77 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. IronNet's gross profit for the three months ended in Oct. 2023 was $0.73 Mil. IronNet's Revenue for the three months ended in Oct. 2023 was $4.56 Mil. Therefore, IronNet's Gross Margin % for the quarter that ended in Oct. 2023 was 16.00%.
IronNet had a gross margin of 16.00% for the quarter that ended in Oct. 2023 => No sustainable competitive advantage
During the past 3 years, the highest Gross Margin % of IronNet was 75.97%. The lowest was 44.26%. And the median was 65.93%.
The historical data trend for IronNet'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.
IronNet Annual Data | |||||||
Trend | Jan21 | Jan22 | Jan23 | ||||
Gross Profit | 22.21 | 18.16 | 13.26 |
IronNet Quarterly Data | |||||||||||||
Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | |
Gross Profit | Get a 7-Day Free Trial | 2.70 | 2.25 | 4.12 | 3.67 | 0.73 |
For the Software - Infrastructure subindustry, IronNet'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, IronNet's Gross Profit distribution charts can be found below:
* The bar in red indicates where IronNet's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
IronNet's Gross Profit for the fiscal year that ended in Jan. 2023 is calculated as
Gross Profit (A: Jan. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 27.257 | - | 13.994 | |
= | 13.26 |
IronNet's Gross Profit for the quarter that ended in Oct. 2023 is calculated as
Gross Profit (Q: Oct. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 4.562 | - | 3.832 | |
= | 0.73 |
Gross Profit for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $10.77 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
IronNet's Gross Margin % for the quarter that ended in Oct. 2023 is calculated as
Gross Margin % (Q: Oct. 2023 ) | = | Gross Profit (Q: Oct. 2023 ) | / | Revenue (Q: Oct. 2023 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 0.73 | / | 4.562 | |
= | 16.00 % |
* 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.
IronNet (OTCPK:IRNTQ) 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
IronNet had a gross margin of 16.00% for the quarter that ended in Oct. 2023 => No sustainable competitive advantage
Thank you for viewing the detailed overview of IronNet's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Linda Kay Zecher | director, officer: Chief Executive Officer | C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861 |
Donald Closser | officer: Chief Product Officer | C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102 |
Cameron Pforr | officer: Chief Financial Officer | C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102 |
James C Gerber | officer: Chief Financial Officer | C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102 |
William E Welch | director, officer: Co-CEO & Director | C/O ZSCALER INC, 110 ROSE ORCHARD WAY, SAN JOSE CA 95134 |
Michael J Rogers | director | C/O IRONNET, INC., 7900 TYSONS ONCE PLACE, SUITE 400, MCLEAN VA 22102 |
John M Keane | director | C/O METLIFE INC, ONE MADISON AVE, NEW YORK NY 10010 |
Keith Brian Alexander | director, officer: Co-CEO, President & Chairman | P.O. BOX 81226, SEATTLE WA 98108-1226 |
Forgepoint Cybersecurity Fund I, L.p. | 10 percent owner | 400 S. EL CAMINO REAL, SUITE 1050, SAN MATEO CA 94402 |
Forgepoint Cybersecurity Gp-i, Llc | 10 percent owner | 400 S EL CAMINO REAL SUITE 1050, SAN MATEO CA 94402 |
Andre Pienaar | director | C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102 |
Sean Foster | officer: Chief Revenue Officer | C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102 |
Russell Cobb | officer: Chief Marketing Officer | C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102 |
Forgepoint Cyber Co-investors I-e, L.p. | 10 percent owner | 400 S. EL CAMINO REAL, SUITE 1050, SAN MATEO CA 94402 |
Forgepoint Cyber Co-investors I-c, L.p. | 10 percent owner | 400 S. EL CAMINO REAL, SUITE 1050, SAN MATEO CA 94402 |
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