STEER Technologies (TSXV:STER) Gross Profit : C$-4.38 Mil (TTM As of Sep. 2023)

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What is STEER Technologies Gross Profit?

STEER Technologies's gross profit for the three months ended in Sep. 2023 was C$-0.58 Mil. STEER Technologies's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was C$-4.38 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. STEER Technologies's gross profit for the three months ended in Sep. 2023 was C$-0.58 Mil. STEER Technologies's Revenue for the three months ended in Sep. 2023 was C$0.88 Mil. Therefore, STEER Technologies's Gross Margin % for the quarter that ended in Sep. 2023 was -65.05%.

STEER Technologies had a gross margin of -65.05% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

During the past 5 years, the highest Gross Margin % of STEER Technologies was 54.92%. The lowest was -9.46%. And the median was 5.28%.

STEER Technologies Gross Profit Historical Data

The historical data trend for STEER Technologies'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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STEER Technologies Gross Profit Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

0.33

0.71

-2.01

-4.06

STEER Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Profit	Get a 7-Day Free Trial															-0.40	-2.78	-0.21	-0.81	-0.58

Competitive Comparison of STEER Technologies's Gross Profit

For the Software - Application subindustry, STEER Technologies'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.

STEER Technologies's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, STEER Technologies's Gross Profit distribution charts can be found below:

* The bar in red indicates where STEER Technologies's Gross Profit falls into.

STEER Technologies Gross Profit Calculation

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

STEER Technologies's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	54.921	-	58.981
	=	-4.06

STEER Technologies's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	0.884	-	1.459
	=	-0.58

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-4.38 Mil.

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

STEER Technologies's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	-0.58	/	0.884
	=	-65.05 %

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.

STEER Technologies (TSXV:STER) 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

STEER Technologies had a gross margin of -65.05% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

STEER Technologies Gross Profit Related Terms

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STEER Technologies (TSXV:STER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » STEER Technologies Inc (TSXV:STER) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

STEEF:USA H1Y:Germany

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.