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VMNT (Vemanti Group) Gross Margin % : 0.00% (As of Sep. 2024)


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What is Vemanti Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Vemanti Group's Gross Profit for the three months ended in Sep. 2024 was $0.27 Mil. Vemanti Group's Revenue for the three months ended in Sep. 2024 was $0.27 Mil. Therefore, Vemanti Group's Gross Margin % for the quarter that ended in Sep. 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 Vemanti Group's Gross Margin % or its related term are showing as below:

VMNT' s Gross Margin % Range Over the Past 10 Years
Min: 77.78   Med: 81.3   Max: 99.31
Current: 99.31


During the past 5 years, the highest Gross Margin % of Vemanti Group was 99.31%. The lowest was 77.78%. And the median was 81.30%.

VMNT's Gross Margin % is ranked better than
99.54% of 2417 companies
in the Hardware industry
Industry Median: 24.63 vs VMNT: 99.31

Vemanti Group had a gross margin of N/A% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

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


Vemanti Group Gross Margin % Historical Data

The historical data trend for Vemanti Group'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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Vemanti Group Gross Margin % Chart

Vemanti Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
80.43 77.78 85.14 83.45 81.30

Vemanti Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 81.82 66.67 - - -

Competitive Comparison of Vemanti Group's Gross Margin %

For the Communication Equipment subindustry, Vemanti Group'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.


Vemanti Group's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Vemanti Group's Gross Margin % distribution charts can be found below:

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


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Vemanti Group 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.)

Vemanti Group'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 / 0.123
=(Revenue - Cost of Goods Sold) / Revenue
=(0.123 - 0.023) / 0.123
=81.30 %

Vemanti Group'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 )
=0.3 / 0.274
=(Revenue - Cost of Goods Sold) / Revenue
=(0.274 - 0) / 0.274
=N/A %

* 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.


Vemanti Group  (OTCPK:VMNT) 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

Vemanti Group had a gross margin of N/A% for the quarter that ended in Sep. 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.


Vemanti Group Gross Margin % Related Terms

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Vemanti Group Business Description

Traded in Other Exchanges
N/A
Address
7545 Irvine Center Drive, Suite. 200, Irvine, CA, USA, 92618
Vemanti Group Inc, through its subsidiaries, provides IP communication needs. The company's network offers availability, coverage, flexibility and enables the following technology solutions: unified communications, data centre services, content delivery, voice over IP (VoIP), and cloud computing. The company also focuses on acquisition and investment in companies that focus on blockchain projects and applications combined with other emerging technologies, including machine learning/AI, security, and the internet of things (IoT).
Executives
Stephen Richard Jones officer: CFO 256 GREENGLADE AVENUE, WORTHINGTON OH 43085
Tan Tran director, 10 percent owner, officer: President, CEO, CFO 7545 IRVINE CENTER DR., STE. 200, IRVINE CA 92618
Rachel Boulds Cpa, Pllc director 6371 S. GLENOAKS STREET, MURRAY UT 84107