Holdco Nuvo Group DG (Holdco Nuvo Group DG) Gross Profit : $-0.02 Mil (TTM As of Dec. 2023)

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What is Holdco Nuvo Group DG Gross Profit?

Holdco Nuvo Group DG's gross profit for the six months ended in Dec. 2023 was $-0.02 Mil. Holdco Nuvo Group DG's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.02 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Holdco Nuvo Group DG's gross profit for the six months ended in Dec. 2023 was $-0.02 Mil. Holdco Nuvo Group DG's Revenue for the six months ended in Dec. 2023 was $0.18 Mil. Therefore, Holdco Nuvo Group DG's Gross Margin % for the quarter that ended in Dec. 2023 was -8.52%.

Holdco Nuvo Group DG had a gross margin of -8.52% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 3 years, the highest Gross Margin % of Holdco Nuvo Group DG was -8.52%. The lowest was -8.52%. And the median was -8.52%.

Holdco Nuvo Group DG Gross Profit Historical Data

The historical data trend for Holdco Nuvo Group DG'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.

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Holdco Nuvo Group DG Gross Profit Chart

Holdco Nuvo Group DG Annual Data

Trend

Dec21

Dec22

Dec23

Gross Profit

-0.02

Holdco Nuvo Group DG Semi-Annual Data
	Dec21	Dec22	Dec23
Gross Profit	-	-	-0.02

Competitive Comparison of Holdco Nuvo Group DG's Gross Profit

For the Medical Devices subindustry, Holdco Nuvo Group DG'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.

Holdco Nuvo Group DG's Gross Profit Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Holdco Nuvo Group DG's Gross Profit distribution charts can be found below:

* The bar in red indicates where Holdco Nuvo Group DG's Gross Profit falls into.

Holdco Nuvo Group DG Gross Profit Calculation

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

Holdco Nuvo Group DG'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
	=	0.176	-	0.191
	=	-0.02

Holdco Nuvo Group DG's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	0.176	-	0.191
	=	-0.02

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.02 Mil.

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

Holdco Nuvo Group DG's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	-0.02	/	0.176
	=	-8.52 %

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.

Holdco Nuvo Group DG (NAS:NUVO) 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

Holdco Nuvo Group DG had a gross margin of -8.52% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Holdco Nuvo Group DG Gross Profit Related Terms

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Holdco Nuvo Group DG (Holdco Nuvo Group DG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Holdco Nuvo Group DG Ltd (NAS:NUVO) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

94 Yigal Alon Street, Alon Tower 1, Tel Aviv, ISR, 6789155

Website

https://www.nuvocares.com

Holdco Nuvo Group DG Ltd is a women's health and connected pregnancy care company and has developed INVU by Nuvo, an FDA-cleared, prescription-initiated, remote pregnancy monitoring platform that enables the delivery of remote non-stress tests and maternal and fetal heart rate monitoring, helping expectant mothers adhere to their prescribed care plan. It is leading the transformation from a world where pregnancy care is limited by outdated technology and barriers to accessing care to a world where data-driven, clinically relevant, actionable insights can be accessed both at home and in the clinic. INVU is composed of a hardware component (wearable), with digital signal processing and cloud analytics, and interfaces for every participant involved in pregnancy care.

Holdco Nuvo Group DG (Holdco Nuvo Group DG) Headlines

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