Presto Automation's gross profit for the
three
months ended in Mar. 2024 was $0.17 Mil. Presto Automation's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.99 Mil.
Presto Automation had a gross margin of 3.73% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
During the past 4 years, the highestGross Margin % of Presto Automation was 23.63%. The lowest was -5.21%. And the median was 2.80%.
Presto Automation Gross Profit Historical Data
The historical data trend for Presto Automation'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 Presto Automation's Gross Profit
For the Software - Application subindustry, Presto Automation'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.
Presto Automation's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, Presto Automation's Gross Profit distribution charts can be found below:
* The bar in red indicates where Presto Automation's Gross Profit falls into.
Presto Automation Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Presto Automation's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.99 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
Presto Automation had a gross margin of 3.73% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
Presto Automation Gross Profit Related Terms
Thank you for viewing the detailed overview of Presto Automation's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Presto Automation (Presto Automation) Business Description
Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.
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