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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%.
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.
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 |
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1.41 | 1.38 | 1.49 | 1.41 | 1.53 |
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.
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.
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
Thank you for viewing the detailed overview of KINS Technology Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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