Perimeter Medical Imaging AI (Perimeter Medical Imaging AI) Gross Margin % : 47.96% (As of Mar. 2024)

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What is Perimeter Medical Imaging AI Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Perimeter Medical Imaging AI's Gross Profit for the three months ended in Mar. 2024 was $0.05 Mil. Perimeter Medical Imaging AI's Revenue for the three months ended in Mar. 2024 was $0.10 Mil. Therefore, Perimeter Medical Imaging AI's Gross Margin % for the quarter that ended in Mar. 2024 was 47.96%.

The historical rank and industry rank for Perimeter Medical Imaging AI's Gross Margin % or its related term are showing as below:

PYNKF' s Gross Margin % Range Over the Past 10 Years
Min: -2.21 Med: 41.67 Max: 50.92
Current: 47.43

During the past 5 years, the highest Gross Margin % of Perimeter Medical Imaging AI was 50.92%. The lowest was -2.21%. And the median was 41.67%.

PYNKF's Gross Margin % is ranked worse than
58.87% of 795 companies
in the Medical Devices & Instruments industry
Industry Median: 52.61 vs PYNKF: 47.43

Perimeter Medical Imaging AI had a gross margin of 47.96% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Perimeter Medical Imaging AI was 0.00% per year.

Perimeter Medical Imaging AI Gross Margin % Historical Data

The historical data trend for Perimeter Medical Imaging AI'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.

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Perimeter Medical Imaging AI Gross Margin % Chart

Perimeter Medical Imaging AI Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

44.44

-2.26

50.99

Perimeter Medical Imaging AI Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															61.82	63.43	31.40	35.62	47.96

Competitive Comparison of Perimeter Medical Imaging AI's Gross Margin %

For the Medical Devices subindustry, Perimeter Medical Imaging AI'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.

Perimeter Medical Imaging AI's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Perimeter Medical Imaging AI's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Perimeter Medical Imaging AI's Gross Margin % falls into.

Perimeter Medical Imaging AI Gross Margin % Calculation

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

Perimeter Medical Imaging AI'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 )
	=	0.2	/	0.404
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.404 - 0.198)	/	0.404
	=	50.99 %

Perimeter Medical Imaging AI's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	0.098
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.098 - 0.051)	/	0.098
	=	47.96 %

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.

Perimeter Medical Imaging AI (OTCPK:PYNKF) 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

Perimeter Medical Imaging AI had a gross margin of 47.96% for the quarter that ended in Mar. 2024 => 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.

Perimeter Medical Imaging AI Gross Margin % Related Terms

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Perimeter Medical Imaging AI (Perimeter Medical Imaging AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Perimeter Medical Imaging AI Inc (OTCPK:PYNKF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

4PC:Germany PINK:Canada

Address

8585 N. Stemmons Freeway, Suite 106N, Dallas, TX, USA, 75247

Website

https://www.perimetermed.com

Perimeter Medical Imaging AI Inc is a medical technology company driven to transform cancer surgery with ultra-high-resolution, real-time, advanced imaging tools to address high unmet medical needs. The company is developing, with plans to commercialize, advanced imaging tools that allow surgeons, radiologists, and pathologists to visualize microscopic tissue structures during a clinical procedure.