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MGT Capital Investments (MGT Capital Investments) Gross Margin % : -18.63% (As of Dec. 2023)


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What is MGT Capital Investments Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. MGT Capital Investments's Gross Profit for the three months ended in Dec. 2023 was $-0.02 Mil. MGT Capital Investments's Revenue for the three months ended in Dec. 2023 was $0.10 Mil. Therefore, MGT Capital Investments's Gross Margin % for the quarter that ended in Dec. 2023 was -18.63%.


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

MGTI' s Gross Margin % Range Over the Past 10 Years
Min: -106.45   Med: -13.33   Max: 95.19
Current: -19.3


During the past 13 years, the highest Gross Margin % of MGT Capital Investments was 95.19%. The lowest was -106.45%. And the median was -13.33%.

MGTI's Gross Margin % is ranked worse than
93.06% of 605 companies
in the Capital Markets industry
Industry Median: 48.7 vs MGTI: -19.30

MGT Capital Investments had a gross margin of -18.63% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for MGT Capital Investments was 12.80% per year.


MGT Capital Investments Gross Margin % Historical Data

The historical data trend for MGT Capital Investments'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.

MGT Capital Investments Gross Margin % Chart

MGT Capital Investments Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.33 -20.50 -2.60 -92.34 -19.30

MGT Capital Investments Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.39 -25.23 5.10 -39.13 -18.63

Competitive Comparison of MGT Capital Investments's Gross Margin %

For the Capital Markets subindustry, MGT Capital Investments'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.


MGT Capital Investments's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MGT Capital Investments's Gross Margin % distribution charts can be found below:

* The bar in red indicates where MGT Capital Investments's Gross Margin % falls into.



MGT Capital Investments Gross Margin % Calculation

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

MGT Capital Investments'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 )
=-0.1 / 0.399
=(Revenue - Cost of Goods Sold) / Revenue
=(0.399 - 0.476) / 0.399
=-19.30 %

MGT Capital Investments'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 )
=-0 / 0.102
=(Revenue - Cost of Goods Sold) / Revenue
=(0.102 - 0.121) / 0.102
=-18.63 %

* 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.


MGT Capital Investments  (OTCPK:MGTI) 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

MGT Capital Investments had a gross margin of -18.63% 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.


MGT Capital Investments Gross Margin % Related Terms

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


MGT Capital Investments (MGT Capital Investments) Business Description

Traded in Other Exchanges
N/A
Address
150 Fayetteville Street, Suite 1110, Raleigh, NC, USA, 27601
MGT Capital Investments Inc is a U.S. based Bitcoin miner company that conducts cryptocurrency activities at a company-owned and managed Bitcoin mining facility in LaFayette, Georgia. Located adjacent to a utility substation, the several-acre property has access to about 20 megawatts (MW) of electrical power, half of which is presently utilized by the Company. Business activities are comprised of self-mining operations and leasing space to third parties.
Executives
Stephen Schaeffer officer: Chief Operating Officer 512 S. MANGUM STREET, SUITE 408, DURHAM NC 27701
Robert Ladd director, 10 percent owner C/O LADDCAP VALUE ADVISORS LLC, 650 FIFTH AVENUE, SUITE 600, NEW YORK NY 10019
Robert S Lowrey officer: CFO, Treasurer, Secretary 512 S MAGNUM STREET, STE 408, DURHAM NC 27701
Nolan K Bushnell director 5443 BEETHOVEN ST, LOS ANGELES CA 90066
Hugh Robert Holmes director 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528
Iroquois Master Fund Ltd. 10 percent owner 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Joshua Silverman 10 percent owner IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017
Iroquois Capital Management, Llc 10 percent owner 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK, NY 10022
Michael Onghai director 122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001
J&s Gaming, Inc. 10 percent owner 12 MAY HILL LANE, DIX HILLS NY 11746
Laddcap Value Partners Iii Llc other: Managing Member 335 MADISON AVENUE, SUITE 1100, NEW YORK NY 10017
Robert Paul Traversa officer: Chief Financial Officer C/O MGT CAPITAL INVESTMENTS, INC., 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528
Neal Wyman director KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD
Peter Venton director KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD
Richard Wolfe Cohen director ONE NORTH BROADWAY, SUITE 509, WHITE PLAINS NY 10601