Nexalin Technology's gross profit for the
three
months ended in Dec. 2024 was $0.02 Mil. Nexalin Technology's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $0.13 Mil.
Nexalin Technology had a gross margin of 74.07% for the quarter that ended in Dec. 2024 => Durable competitive advantage
During the past 5 years, the highestGross Margin % of Nexalin Technology was 88.07%. The lowest was 72.52%. And the median was 78.11%.
Nexalin Technology Gross Profit Historical Data
The historical data trend for Nexalin Technology'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.
Competitive Comparison of Nexalin Technology's Gross Profit
For the Medical Devices subindustry, Nexalin Technology'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.
Nexalin Technology's Gross Profit Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Nexalin Technology's Gross Profit distribution charts can be found below:
* The bar in red indicates where Nexalin Technology's Gross Profit falls into.
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 $0.13 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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
Nexalin Technology had a gross margin of 74.07% for the quarter that ended in Dec. 2024 => Durable competitive advantage
Nexalin Technology Gross Profit Related Terms
Thank you for viewing the detailed overview of Nexalin Technology's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Nexalin Technology Inc designs and develops innovative neurostimulation products to uniquely and effectively help combat the ongoing global mental health epidemic. The company has developed an easy-to-administer medical device referred to as Generation 1 or Gen-1 that utilizes bioelectronic medical technology to treat anxiety and insomnia, without the need for drugs or psychotherapy. Its original Gen-1 devices are cranial electrotherapy stimulation (CES) devices that emit waveform at 4 milliamps during treatment and are presently classified by the U.S. Food and Drug Administration (FDA) as a Class II device.
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