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The FUTR (TSXV:FTRC) Gross Profit : C$7.24 Mil (TTM As of Dec. 2024)


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What is The FUTR Gross Profit?

The FUTR's gross profit for the three months ended in Dec. 2024 was C$1.85 Mil. The FUTR's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was C$7.24 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. The FUTR's gross profit for the three months ended in Dec. 2024 was C$1.85 Mil. The FUTR's Revenue for the three months ended in Dec. 2024 was C$2.07 Mil. Therefore, The FUTR's Gross Margin % for the quarter that ended in Dec. 2024 was 89.44%.

The FUTR had a gross margin of 89.44% for the quarter that ended in Dec. 2024 => Durable competitive advantage

During the past 3 years, the highest Gross Margin % of The FUTR was 90.47%. The lowest was 88.94%. And the median was 89.22%.


The FUTR Gross Profit Historical Data

The historical data trend for The FUTR'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.

The FUTR Gross Profit Chart

The FUTR Annual Data
Trend Jun22 Jun23 Jun24
Gross Profit
4.75 5.27 6.67

The FUTR Quarterly Data
Sep20 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.75 1.74 1.78 1.87 1.85

Competitive Comparison of The FUTR's Gross Profit

For the Software - Infrastructure subindustry, The FUTR'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.


The FUTR's Gross Profit Distribution in the Software Industry

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

* The bar in red indicates where The FUTR's Gross Profit falls into.


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The FUTR Gross Profit Calculation

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

The FUTR's Gross Profit for the fiscal year that ended in Jun. 2024 is calculated as

Gross Profit (A: Jun. 2024 )=Revenue - Cost of Goods Sold
=7.387 - 0.719
=6.67

The FUTR's Gross Profit for the quarter that ended in Dec. 2024 is calculated as

Gross Profit (Q: Dec. 2024 )=Revenue - Cost of Goods Sold
=2.073 - 0.219
=1.85

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 C$7.24 Mil.

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

The FUTR's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )=Gross Profit (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=1.85 / 2.073
=89.44 %

* 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.


The FUTR  (TSXV:FTRC) 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

The FUTR had a gross margin of 89.44% for the quarter that ended in Dec. 2024 => Durable competitive advantage


The FUTR Gross Profit Related Terms

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The FUTR Business Description

Traded in Other Exchanges
Address
66 Wellington Street West, Suite 4100, P.O. Box 35, TD Bank Tower, Toronto, ON, CAN, M5K 1B7
FUTR Corp Formerly Hank Payments Corp is a financial technology company with a software platform that acts as a consumer's personal, financial concierge using a powerful technology to automate the complexities of personal cash flow management. The Hank Platform debits when consumers have cash, stores the cash with partner banks, then automatically instructs partner banks to pay bills and loans as near to due, and often sooner than required.
Executives
Michael Hilmer Director, Senior Officer
Ashish Kapoor Senior Officer
Uptempo Inc. 10% Security Holder
Jeff Guthrie Senior Officer

The FUTR Headlines

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