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Cue Health (Cue Health) Gross Margin % : -105.64% (As of Dec. 2023)


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What is Cue Health Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cue Health's Gross Profit for the three months ended in Dec. 2023 was $-18.36 Mil. Cue Health's Revenue for the three months ended in Dec. 2023 was $17.38 Mil. Therefore, Cue Health's Gross Margin % for the quarter that ended in Dec. 2023 was -105.64%.


The historical rank and industry rank for Cue Health's Gross Margin % or its related term are showing as below:

HLTH' s Gross Margin % Range Over the Past 10 Years
Min: -97.89   Med: 16.64   Max: 55.09
Current: -97.89


During the past 5 years, the highest Gross Margin % of Cue Health was 55.09%. The lowest was -97.89%. And the median was 16.64%.

HLTH's Gross Margin % is ranked worse than
99.67% of 607 companies
in the Healthcare Providers & Services industry
Industry Median: 41.4 vs HLTH: -97.89

Cue Health had a gross margin of -105.64% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Cue Health was 0.00% per year.


Cue Health Gross Margin % Historical Data

The historical data trend for Cue Health's Gross Margin % 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.

Cue Health Gross Margin % Chart

Cue Health Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
- 2.86 55.09 30.41 -97.89

Cue Health Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % 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 37.69 -62.58 -286.59 -50.30 -105.64

Competitive Comparison of Cue Health's Gross Margin %

For the Health Information Services subindustry, Cue Health's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.


Cue Health's Gross Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Cue Health's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cue Health's Gross Margin % falls into.



Cue Health Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Cue Health's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=-62.9 / 64.223
=(Revenue - Cost of Goods Sold) / Revenue
=(64.223 - 127.091) / 64.223
=-97.89 %

Cue Health'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 )
=-18.4 / 17.381
=(Revenue - Cost of Goods Sold) / Revenue
=(17.381 - 35.742) / 17.381
=-105.64 %

* 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.


Cue Health  (NAS:HLTH) Gross Margin % 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

Cue Health had a gross margin of -105.64% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Cue Health Gross Margin % Related Terms

Thank you for viewing the detailed overview of Cue Health's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cue Health (Cue Health) Business Description

Traded in Other Exchanges
N/A
Address
4980 Carroll Canyon Road, Suite 100, San Diego, CA, USA, 92121
Cue Health Inc is a health technology company. It puts consumers in control of health information and places diagnostic information at the center of care. It enables people to manage health through real-time, actionable and connected health data. Further, it offers individuals, enterprises, government agencies and healthcare providers access to lab-quality diagnostic testing at home, at work, or at the point-of-care, all in a device that fits in the palm of hand.
Executives
T-twelve Holdings, Llc 10 percent owner C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Tup Investments, L.p. 10 percent owner 520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tarsadia Investments, Llc 10 percent owner 520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Cp (hlth), Llc 10 percent owner 520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tfc Manager, Llc 10 percent owner C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Nvga I, Llc 10 percent owner 520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tccs I, Lp 10 percent owner 10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tc Gp, Llc 10 percent owner 10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tarsadia Capital, Llc 10 percent owner 10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Aasim Javed officer: Chief Financial Officer C/O CUE HEALTH INC, 4980 CARROLL CANYON RD SUITE 100, SAN DIEGO CA 92121
Randall E. Pollard officer: Chief Accounting Officer 6229 PINE TREE CT., LONG GROVE IL 60047
Clint Sever officer: Chief Product Officer C/O CUE HEALTH INC., 4980 CARROLL CANYON RD. SUITE 100, SAN DIEGO CA 92121
Sachin H. Jain director C/O CARDIOVASCULAR SYSTEMS, INC., 1225 OLD HIGHWAY 8 NW, ST. PAUL MN 55112
Joshua Ghaim director C/O CUE HEALTH INC., 4980 CARROLL CANYON ROAD SUITE 100, SAN DIEGO CA 92121
Kelly P. Day 10 percent owner 865 FIGUEROA STREET, SUITE 700, LOS ANGELES CA 90017

Cue Health (Cue Health) Headlines

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