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CLPMF (Clip Money) Gross Profit : $-1.09 Mil (TTM As of Dec. 2024)


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What is Clip Money Gross Profit?

Clip Money's gross profit for the three months ended in Dec. 2024 was $0.00 Mil. Clip Money's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $-1.09 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Clip Money's gross profit for the three months ended in Dec. 2024 was $0.00 Mil. Clip Money's Revenue for the three months ended in Dec. 2024 was $1.15 Mil. Therefore, Clip Money's Gross Margin % for the quarter that ended in Dec. 2024 was 0.09%.

Clip Money had a gross margin of 0.09% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage

During the past 4 years, the highest Gross Margin % of Clip Money was -45.13%. The lowest was -4439.47%. And the median was -2284.41%.


Clip Money Gross Profit Historical Data

The historical data trend for Clip Money's Gross Profit 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.

Clip Money Gross Profit Chart

Clip Money Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Gross Profit
-0.10 -1.24 -1.94 -1.09

Clip Money Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Gross Profit 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 -0.36 -0.45 -0.33 -0.32 -

Competitive Comparison of Clip Money's Gross Profit

For the Software - Infrastructure subindustry, Clip Money's Gross Profit, along with its competitors' market caps and Gross Profit 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.


Clip Money's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Clip Money's Gross Profit distribution charts can be found below:

* The bar in red indicates where Clip Money's Gross Profit falls into.


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Clip Money Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Clip Money's Gross Profit for the fiscal year that ended in Dec. 2024 is calculated as

Gross Profit (A: Dec. 2024 )=Revenue - Cost of Goods Sold
=2.36 - 3.449
=-1.09

Clip Money's Gross Profit for the quarter that ended in Dec. 2024 is calculated as

Gross Profit (Q: Dec. 2024 )=Revenue - Cost of Goods Sold
=1.152 - 1.151
=0.00

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.09 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Clip Money's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )=Gross Profit (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.00 / 1.152
=0.09 %

* 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.


Clip Money  (OTCPK:CLPMF) Gross Profit 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

Clip Money had a gross margin of 0.09% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage


Clip Money Gross Profit Related Terms

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Clip Money Business Description

Traded in Other Exchanges
Address
96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2
Clip Money Inc is a Canadian-based company principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. A network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. The company has one operating segment, which is providing a proprietary deposit network to businesses located across North America. The company combines functional hardware, an intuitive mobile app, and a cloud-based transaction engine that maximizes business banking transactions. It also facilitates mobile change orders, which are fully insured and shipped within one to two business days.