Conformis's gross profit for the
three
months ended in Jun. 2023 was $1.83 Mil. Conformis's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was $18.95 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Conformis's gross profit for the
three
months ended in Jun. 2023 was $1.83 Mil. Conformis's Revenue for the
three
months ended in Jun. 2023 was $13.02 Mil. Therefore, Conformis's Gross Margin % for the quarter that ended in Jun. 2023 was 14.08%.
Conformis had a gross margin of 14.08% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage
During the past 10 years, the highestGross Margin % of Conformis was 65.77%. The lowest was 21.14%. And the median was 37.15%.
Conformis Gross Profit Historical Data
The historical data trend for Conformis'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.
Competitive Comparison of Conformis's Gross Profit
For the Medical Devices subindustry, Conformis'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.
Conformis's Gross Profit Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Conformis's Gross Profit distribution charts can be found below:
* The bar in red indicates where Conformis's Gross Profit falls into.
Conformis Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Conformis's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $18.95 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Conformis (NAS:CFMS) 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
Conformis had a gross margin of 14.08% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage
Conformis Gross Profit Related Terms
Thank you for viewing the detailed overview of Conformis's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Conformis Inc is a United States-based medical technology company. It uses the iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants that are individually sized and shaped to fit each patient's anatomy. The company's iFit technology platform comprises three key elements which are iFit design, iFit printing, and iFit just-in-time delivery. It offers various partial and total knee replacement implants which include iTotal CR, iTotal PS, iDuo, and iUni. The company operates in the segment of the knee replacement market. Its total revenue is generated from the sale of its products to hospitals and other medical facilities. The majority of the company's revenue comes from the United States.
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