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KINZU (KINS Technology Group) Gross Profit : $5.81 Mil (TTM As of Sep. 2024)


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What is KINS Technology Group Gross Profit?

KINS Technology Group's gross profit for the three months ended in Sep. 2024 was $1.53 Mil. KINS Technology Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $5.81 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. KINS Technology Group's gross profit for the three months ended in Sep. 2024 was $1.53 Mil. KINS Technology Group's Revenue for the three months ended in Sep. 2024 was $1.90 Mil. Therefore, KINS Technology Group's Gross Margin % for the quarter that ended in Sep. 2024 was 80.39%.

KINS Technology Group had a gross margin of 80.39% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 4 years, the highest Gross Margin % of KINS Technology Group was 80.63%. The lowest was 75.63%. And the median was 75.63%.


KINS Technology Group Gross Profit Historical Data

The historical data trend for KINS Technology Group'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.

KINS Technology Group Gross Profit Chart

KINS Technology Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Profit
- - 6.41 -

KINS Technology Group Quarterly Data
Jul20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only 1.41 1.38 1.49 1.41 1.53

Competitive Comparison of KINS Technology Group's Gross Profit

For the Software - Application subindustry, KINS Technology Group'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.


KINS Technology Group's Gross Profit Distribution in the Software Industry

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

* The bar in red indicates where KINS Technology Group's Gross Profit falls into.


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KINS Technology Group Gross Profit Calculation

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

KINS Technology Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=0 - 0
=0.00

KINS Technology Group's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=1.897 - 0.372
=1.53

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.81 Mil.

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

KINS Technology 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 )
=(Revenue - Cost of Goods Sold) / Revenue
=1.53 / 1.897
=80.39 %

* 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.


KINS Technology Group  (NAS:KINZU) 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

KINS Technology Group had a gross margin of 80.39% for the quarter that ended in Sep. 2024 => Durable competitive advantage


KINS Technology Group Gross Profit Related Terms

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KINS Technology Group Business Description

Traded in Other Exchanges
Address
Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, CA, USA, 94306
CXApp Inc is a workplace experience platform for enterprise customers. It is a SaaS product for enterprise organizations, distributing a mobile app to all employees within the organization. It includes a content management system (or CMS) so customers can adjust configurations for their workplace settings autonomously and spontaneously. Its technologies and solutions help enterprise customers deliver a comprehensive business journey in a work 'from anywhere' world for employees, partners, customers, and visitors. CXApp offers native mapping, analytics, on-device positioning (or ODP), and application technologies that bring people together.
Executives
Cohen Steven A/sac Capital Mgmt Lp 10 percent owner C/O SAC CAPITAL ADVISORS LLC, 72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Israel A Englander other: See Footnote 2 C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millennium Management Llc other: See Footnote 2 399 PARK AVENUE, NEW YORK NY 10022
Millennium Group Management Llc other: See Footnote 2 C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Ics Opportunities, Ltd. 10 percent owner MILLENNIUM INTERNATIONAL MANAGEMENT LP, 399 PARK AVENUE, NEW YORK NY 10022
Cubist Systematic Strategies, Llc 10 percent owner 72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Atif Rafiq director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Di-ann Eisnor director 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Hassan Ahmed director SONUS NETWORKS INC, 7 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Camillo Martino director 60 SOUTH MARKET STREET, STE 750, SAN JOSE CA 95113
Allen Salmasi director C/O NEXTWAVE WIRELESS LLC, 12670 HIGH BLUFF DRIVE, SAN DIEGO CA 92130
Khurram P Sheikh director, 10 percent owner, officer: CEO and CFO 1140 EAST ARQUES AVE., SUNNYVALE CA 94085
Cardinal Venture Holdings Llc 10 percent owner, other: See Remarks FOUR PALO ALTO SQUARE, 3000 EL CAMINO REAL, PALO ALTO CA 94308
Kins Capital Llc 10 percent owner, other: See Remarks FOUR PALO ALTO SQUARE, 3000 EL CAMINO REAL, PALO ALTO CA 94306
Eric Zimits officer: Secretary and CCDO C/O KINS TECHNOLOGY GROUP INC., FOUR PALO ALTO SQUARE, PALO ALTO CA 94306