Veea (VEEA) Gross Margin % : 70.59% (As of Sep. 2024)

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What is Veea Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Veea's Gross Profit for the three months ended in Sep. 2024 was $0.04 Mil. Veea's Revenue for the three months ended in Sep. 2024 was $0.05 Mil. Therefore, Veea's Gross Margin % for the quarter that ended in Sep. 2024 was 70.59%.

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

VEEA' s Gross Margin % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 50
Current: 50

During the past 0 years, the highest Gross Margin % of Veea was 50.00%. The lowest was 0.00%. And the median was 0.00%.

VEEA's Gross Margin % is ranked better than
59.98% of 2649 companies
in the Software industry
Industry Median: 41.08 vs VEEA: 50.00

Veea had a gross margin of 70.59% for the quarter that ended in Sep. 2024 => Durable competitive advantage

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

Veea Gross Margin % Historical Data

The historical data trend for Veea'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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Veea Gross Margin % Chart

Veea Annual Data

Trend

Gross Margin %

Veea Quarterly Data
	Sep23	Jun24	Sep24
Gross Margin %	99.73	24.39	70.59

Competitive Comparison of Veea's Gross Margin %

For the Information Technology Services subindustry, Veea'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.

Veea's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Veea's Gross Margin % distribution charts can be found below:

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

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Veea Gross Margin % Calculation

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

Veea's Gross Margin for the fiscal year that ended in . 20 is calculated as

Gross Margin % (A: . 20 )	=	Gross Profit (A: . 20 )	/	Revenue (A: . 20 )
	=	0	/
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	( - )	/
	=	N/A %

Veea's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0	/	0.051
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.051 - 0.015)	/	0.051
	=	70.59 %

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.

Veea (NAS:VEEA) 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

Veea had a gross margin of 70.59% 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.

Veea Gross Margin % Related Terms

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Veea Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veea Inc (NAS:VEEA) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

164 East 83rd Street, New York, NY, USA, 10028

Website

https://www.veea.com

Veea Inc is a company providing edge platform having extensive knowledge and expertise on content delivery and edge computing, and has brought a broad range of Wi-Fi, 4G/5G mobile wireless, and IoT products to market over the past two decades. It has first-in-class VeeaHub smart computing hubs integrate a full range of connectivity options, application processing power, and a full security stack to form an elastic edge computing platform with a dynamic connectivity and application mesh that can easily be deployed and centrally managed from the cloud.