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Identillect Technologies (Identillect Technologies) Gross Margin % : 93.83% (As of Sep. 2023)


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What is Identillect Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Identillect Technologies's Gross Profit for the three months ended in Sep. 2023 was $0.15 Mil. Identillect Technologies's Revenue for the three months ended in Sep. 2023 was $0.16 Mil. Therefore, Identillect Technologies's Gross Margin % for the quarter that ended in Sep. 2023 was 93.83%.


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

IDTLF' s Gross Margin % Range Over the Past 10 Years
Min: 50   Med: 80.72   Max: 95.91
Current: 95.52


During the past 13 years, the highest Gross Margin % of Identillect Technologies was 95.91%. The lowest was 50.00%. And the median was 80.72%.

IDTLF's Gross Margin % is ranked better than
96.73% of 2628 companies
in the Software industry
Industry Median: 41.71 vs IDTLF: 95.52

Identillect Technologies had a gross margin of 93.83% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Identillect Technologies was 5.10% per year.


Identillect Technologies Gross Margin % Historical Data

The historical data trend for Identillect Technologies'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.

Identillect Technologies Gross Margin % Chart

Identillect Technologies Annual Data
Trend Jul13 Jul14 Jul15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.99 93.32 94.19 95.92 95.60

Identillect Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 94.30 96.34 95.18 96.43 93.83

Competitive Comparison of Identillect Technologies's Gross Margin %

For the Software - Application subindustry, Identillect Technologies'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.


Identillect Technologies's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Identillect Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Identillect Technologies's Gross Margin % falls into.



Identillect Technologies Gross Margin % Calculation

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

Identillect Technologies's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=0.6 / 0.636
=(Revenue - Cost of Goods Sold) / Revenue
=(0.636 - 0.028) / 0.636
=95.60 %

Identillect Technologies's Gross Margin for the quarter that ended in Sep. 2023 is calculated as


Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0.2 / 0.162
=(Revenue - Cost of Goods Sold) / Revenue
=(0.162 - 0.01) / 0.162
=93.83 %

* 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.


Identillect Technologies  (OTCPK:IDTLF) 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

Identillect Technologies had a gross margin of 93.83% for the quarter that ended in Sep. 2023 => Durable 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.


Identillect Technologies Gross Margin % Related Terms

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


Identillect Technologies (Identillect Technologies) Business Description

Traded in Other Exchanges
Address
609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3
Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers a Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.