Kidoz (TSXV:KIDZ) Gross Margin % : 32.68% (As of Dec. 2023)

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What is Kidoz Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kidoz's Gross Profit for the three months ended in Dec. 2023 was C$2.64 Mil. Kidoz's Revenue for the three months ended in Dec. 2023 was C$8.09 Mil. Therefore, Kidoz's Gross Margin % for the quarter that ended in Dec. 2023 was 32.68%.

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

TSXV:KIDZ' s Gross Margin % Range Over the Past 10 Years
Min: -1402.7 Med: 33.94 Max: 46.83
Current: 35.77

During the past 13 years, the highest Gross Margin % of Kidoz was 46.83%. The lowest was -1402.70%. And the median was 33.94%.

TSXV:KIDZ's Gross Margin % is ranked worse than
54.1% of 963 companies
in the Media - Diversified industry
Industry Median: 38.52 vs TSXV:KIDZ: 35.77

Kidoz had a gross margin of 32.68% for the quarter that ended in Dec. 2023 => Competition eroding margins

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

Kidoz Gross Margin % Historical Data

The historical data trend for Kidoz'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.

Kidoz Gross Margin % Chart

Kidoz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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38.48

46.83

42.71

33.94

37.02

Kidoz Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															30.62	40.03	44.05	37.53	32.68

Competitive Comparison of Kidoz's Gross Margin %

For the Advertising Agencies subindustry, Kidoz'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.

Kidoz's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kidoz's Gross Margin % distribution charts can be found below:

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

Kidoz Gross Margin % Calculation

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

Kidoz'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 )
	=	6.6	/	17.88
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(17.88 - 11.261)	/	17.88
	=	37.02 %

Kidoz's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.6	/	8.091
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8.091 - 5.447)	/	8.091
	=	32.68 %

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.

Kidoz (TSXV:KIDZ) 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

Kidoz had a gross margin of 32.68% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

Kidoz Gross Margin % Related Terms

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Kidoz (TSXV:KIDZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kidoz Inc (TSXV:KIDZ) » Definitions » Gross Margin %

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KDOZF:USA

Address

1685 West 4th Avenue, Suite 220, Vancouver, BC, CAN, V6J 1L8

Website

https://www.kidoz.net

Kidoz Incs is an AdTech software developer and owner of the mobile Kidoz Safe Ad Network. The group help create a free and safe mobile app environment for children by enabling content producers to monetize their apps and video with safe, relevant, and fun ads. It provides an essential suite of advertising technology that unites brands, content publishers, and families. The Kidoz network does not use location or PII data tracking commonly used in digital advertising. Kidoz has developed advanced contextual targeting tools to enable brands to reach their ideal customers with complete brand safety. It generates the majority of its revenue from Ad tech advertising.

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