Innerscope Hearing Technologies (Innerscope Hearing Technologies) Gross Margin % : 72.73% (As of Dec. 2020)

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What is Innerscope Hearing Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Innerscope Hearing Technologies's Gross Profit for the three months ended in Dec. 2020 was $0.02 Mil. Innerscope Hearing Technologies's Revenue for the three months ended in Dec. 2020 was $0.02 Mil. Therefore, Innerscope Hearing Technologies's Gross Margin % for the quarter that ended in Dec. 2020 was 72.73%.

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

INND's Gross Margin % is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 53.135
* Ranked among companies with meaningful Gross Margin % only.

Innerscope Hearing Technologies had a gross margin of 72.73% for the quarter that ended in Dec. 2020 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Innerscope Hearing Technologies was 0.00% per year.

Innerscope Hearing Technologies Gross Margin % Historical Data

The historical data trend for Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Gross Margin % Chart

Innerscope Hearing Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Gross Margin %

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59.06

37.58

44.00

41.32

58.43

Innerscope Hearing Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Gross Margin %	Get a 7-Day Free Trial															-11.58	39.51	50.00	89.36	72.73

Competitive Comparison of Innerscope Hearing Technologies's Gross Margin %

For the Medical Instruments & Supplies subindustry, Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Innerscope Hearing Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Innerscope Hearing Technologies's Gross Margin % falls into.

Innerscope Hearing Technologies Gross Margin % Calculation

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

Innerscope Hearing Technologies's Gross Margin for the fiscal year that ended in Dec. 2020 is calculated as

Gross Margin % (A: Dec. 2020 )	=	Gross Profit (A: Dec. 2020 )	/	Revenue (A: Dec. 2020 )
	=	0.1	/	0.166
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.166 - 0.069)	/	0.166
	=	58.43 %

Innerscope Hearing Technologies's Gross Margin for the quarter that ended in Dec. 2020 is calculated as

Gross Margin % (Q: Dec. 2020 )	=	Gross Profit (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	0	/	0.022
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.022 - 0.006)	/	0.022
	=	72.73 %

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.

Innerscope Hearing Technologies (OTCPK:INND) 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

Innerscope Hearing Technologies had a gross margin of 72.73% for the quarter that ended in Dec. 2020 => Durable 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.

Innerscope Hearing Technologies Gross Margin % Related Terms

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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innerscope Hearing Technologies Inc (OTCPK:INND) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661

Website

https://www.innd.com

Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.