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VeritecVRTC Gross Margin % is -46.15% as of Sep. 2024.
Gross Margin % is calculated as gross profit divided by its revenue. Veritec's Gross Profit for the
three
months ended in Sep. 2024 was $-0.02 Mil. Veritec's Revenue for the
three
months ended in Sep. 2024 was $0.04 Mil. Therefore, Veritec's Gross Margin % for the quarter that ended in Sep. 2024 was -46.15%.
The historical rank and industry rank for Veritec's Gross Margin % or its related term are showing as below:
VRTC's Gross Margin % is not ranked *
in the Software industry.
Industry Median: 40.525 * Ranked among companies with meaningful Gross Margin % only.
Veritec had a gross margin of -46.15% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Veritec was 0.00% per year.
Veritec (OTCPK:VRTC) 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
Veritec had a gross margin of -46.15% 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.
Veritec Gross Margin % Related Terms
Veritec Gross Margin % Historical Data
* Premium members only.
The historical data trend for Veritec'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.
VRTC vs WDDD, RBTC, CRM: Gross Margin % Comparison
For the Software - Application subindustry, Veritec'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.
Veritec Gross Margin % vs Software Industry
For the Software industry and Technology sector, Veritec's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Veritec'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.
Veritec (VRTC) has a Gross Margin % of -46.15% as of Sep. 2024. Gross margin is the ratio of total gross profit to net sales. View historical data on Veritec and its competitors.
Is Veritec's Gross Margin % too high?
Veritec's current Gross Margin % is -46.15%.
How does Veritec's Gross Margin % compare to WDDD and RBTC?
Veritec's Gross Margin % of -46.15% can be compared against companies in the Software industry. The industry median Gross Margin % is 40.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.53, based on 2,690 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Veritec and its competitors. For the Software industry, the median Gross Margin % is 40.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veritec's current Gross Margin % is -46.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veritec stock overvalued right now?
Veritec (VRTC) has a current Gross Margin % of -46.15%. The current Gross Margin % is -46.15%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Veritec (VRTC), the current Gross Margin % is -46.15% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Veritec Inc is engaged in the development, marketing, sales, and licensing of products and rendering of professional services. The company renders professional services related to mobile banking technology. Its mobile banking technology is used to offer Prepaid Card Programs to sponsor banks and approved applicants/cardholders. The products and services offered by the company include MTC Debit Card Visa Prepaid Card Programs, blinx ON-OFF Debit Card Visa Prepaid Card Programs, Custom Branded Debit Card Programs, and blinxPay Mobile Wallet App. Geographically, it derives revenue from the United States.
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