Looking Glass Labs (AQSE:NFTX) COGS-to-Revenue : 0.15 (As of Jan. 2024)

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What is Looking Glass Labs COGS-to-Revenue?

Looking Glass Labs's Cost of Goods Sold for the three months ended in Jan. 2024 was £0.06 Mil. Its Revenue for the three months ended in Jan. 2024 was £0.38 Mil.

Looking Glass Labs's COGS to Revenue for the three months ended in Jan. 2024 was 0.15.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Looking Glass Labs's Gross Margin % for the three months ended in Jan. 2024 was 85.08%.

Looking Glass Labs COGS-to-Revenue Historical Data

The historical data trend for Looking Glass Labs's COGS-to-Revenue 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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Looking Glass Labs COGS-to-Revenue Chart

Looking Glass Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

COGS-to-Revenue

0.10

0.17

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
COGS-to-Revenue	Get a 7-Day Free Trial											0.27	-	0.14	0.15	0.15

Looking Glass Labs COGS-to-Revenue Calculation

Looking Glass Labs's COGS to Revenue for the fiscal year that ended in Jul. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.065	/	0.385
	=	0.17

Looking Glass Labs's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.057	/	0.382
	=	0.15

Looking Glass Labs (AQSE:NFTX) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Looking Glass Labs's Gross Margin % for the three months ended in Jan. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.057 / 0.382
	=	85.08 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

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Looking Glass Labs (AQSE:NFTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Looking Glass Labs Ltd (AQSE:NFTX) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

H1N0:Germany NFTX:Canada

Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

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