The historical rank and industry rank for Strata Skin Sciences's Gross Margin % or its related term are showing as below:
SSKN'
s Gross Margin % Range Over the Past 10 Years
Min: -439.34 Med: 58.97 Max: 66.22
Current: 55.47
During the past 13 years, the highestGross Margin % of Strata Skin Sciences was 66.22%. The lowest was -439.34%. And the median was 58.97%.
SSKN's Gross Margin % is ranked better than 54.22% of 806
companies
in the Medical Devices & Instruments industry
Industry Median: 53.02
vs SSKN: 55.47
Strata Skin Sciences had a gross margin of 60.33% for the quarter that ended in Sep. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Strata Skin Sciences was -0.80% per year.
Strata Skin Sciences Gross Margin % Historical Data
The historical data trend for Strata Skin Sciences'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.
Competitive Comparison of Strata Skin Sciences's Gross Margin %
For the Medical Devices subindustry, Strata Skin Sciences'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.
Strata Skin Sciences's Gross Margin % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Strata Skin Sciences's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Strata Skin Sciences's Gross Margin % falls into.
* 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.
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
Strata Skin Sciences had a gross margin of 60.33% for the quarter that ended in Sep. 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.
Strata Skin Sciences Gross Margin % Related Terms
Thank you for viewing the detailed overview of Strata Skin Sciences's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Strata Skin Sciences Inc is a medical technology company engaged in developing and commercializing products for the treatment of dermatological disorders. Its primary products include the XTRAC excimer laser and VTRAC lamp systems utilized in the treatment of psoriasis, vitiligo and various other skin conditions. Its operating segment includes Dermatology Recurring Procedures which is the key revenue driver and Dermatology Procedures Equipment. The Dermatology Recurring Procedures segment derives its revenues from the usage of its equipment by dermatologists to perform XTRAC procedures. Its Dermatology Procedures Equipment segment generates revenues from the sale of equipment, such as lasers and lamp products. Geographically, it derives a majority of revenue from the United states.
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