NTBLQ (Notable Labs) Gross Margin % : 0.00% (As of Jun. 2024)

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What is Notable Labs Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Notable Labs's Gross Profit for the three months ended in Jun. 2024 was $0.00 Mil. Notable Labs's Revenue for the three months ended in Jun. 2024 was $0.00 Mil. Therefore, Notable Labs's Gross Margin % for the quarter that ended in Jun. 2024 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.

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

During the past 3 years, the highest Gross Margin % of Notable Labs was 36.45%. The lowest was 36.45%. And the median was 36.45%.

NTBLQ's Gross Margin % is not ranked ^*
in the Biotechnology industry.
Industry Median: 60.58
* Ranked among companies with meaningful Gross Margin % only.

Notable Labs had a gross margin of N/A% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Notable Labs was 0.00% per year.

Notable Labs Gross Margin % Historical Data

The historical data trend for Notable Labs'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.

Notable Labs Gross Margin % Chart

Notable Labs Annual Data

Trend

Dec21

Dec22

Dec23

Gross Margin %

36.45

Notable Labs Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Gross Margin %	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Notable Labs's Gross Margin %

For the Biotechnology subindustry, Notable Labs'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.

Notable Labs's Gross Margin % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Notable Labs's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Notable Labs's Gross Margin % falls into.

Notable Labs Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Notable Labs's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	0.1	/	0.31
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.31 - 0.197)	/	0.31
	=	36.45 %

Notable Labs's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0	/	0.002
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.002 - 0)	/	0.002
	=	N/A %

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.

Notable Labs (OTCPK:NTBLQ) 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

Notable Labs had a gross margin of N/A% for the quarter that ended in Jun. 2024 => No sustainable 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.

Notable Labs Gross Margin % Related Terms

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Notable Labs Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

320 Hatch Drive, Foster City, CA, USA, 94404

Website

https://notablelabs.com

Notable Labs Ltd is a clinical-stage platform therapeutics company developing predictive precision medicines for patients with cancer. Through its proprietary Predictive Precision Medicines Platform (PPMP), Notable bio-simulates a cancer treatment to predict whether or not a patient is likely to respond to that specific therapeutic. PPMP is designed to enable Notable to identify and select patients expected to be clinically responsive before the initiation of their treatment and potentially enable fast-track therapeutic development in this patient population.