Molekule Group (Molekule Group) Gross Margin % : 33.82% (As of Jun. 2023)

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What is Molekule Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Molekule Group's Gross Profit for the three months ended in Jun. 2023 was $4.48 Mil. Molekule Group's Revenue for the three months ended in Jun. 2023 was $13.24 Mil. Therefore, Molekule Group's Gross Margin % for the quarter that ended in Jun. 2023 was 33.82%.

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

MKULQ' s Gross Margin % Range Over the Past 10 Years
Min: 37.86 Med: 47.86 Max: 50.66
Current: 37.86

During the past 4 years, the highest Gross Margin % of Molekule Group was 50.66%. The lowest was 37.86%. And the median was 47.86%.

MKULQ's Gross Margin % is ranked better than
76.81% of 2937 companies
in the Industrial Products industry
Industry Median: 26.42 vs MKULQ: 37.86

Molekule Group had a gross margin of 33.82% for the quarter that ended in Jun. 2023 => Competition eroding margins

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

Molekule Group Gross Margin % Historical Data

The historical data trend for Molekule Group'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.

Molekule Group Gross Margin % Chart

Molekule Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross Margin %

45.06

50.66

Molekule Group Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Gross Margin %	Get a 7-Day Free Trial									49.30	48.28	53.85	44.02	33.82

Competitive Comparison of Molekule Group's Gross Margin %

For the Pollution & Treatment Controls subindustry, Molekule Group'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.

Molekule Group's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Molekule Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Molekule Group's Gross Margin % falls into.

Molekule Group Gross Margin % Calculation

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

Molekule Group'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 )
	=	0.1	/	0.227
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.227 - 0.112)	/	0.227
	=	50.66 %

Molekule Group's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	4.5	/	13.243
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(13.243 - 8.764)	/	13.243
	=	33.82 %

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.

Molekule Group (OTCPK:MKULQ) 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

Molekule Group had a gross margin of 33.82% for the quarter that ended in Jun. 2023 => Competition eroding margins

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.

Molekule Group Gross Margin % Related Terms

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Molekule Group (Molekule Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Molekule Group Inc (OTCPK:MKULQ) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10455 Riverside Drive, Palm Beach Gardens, FL, USA, 33410

Website

https://www.molekule.com

Molekule Group Inc is an interior space air purification technology company with an immediate objective of initiating full-scale commercialization of its high-performance interior air sterilization and disinfection products for the eradication of coronavirus and other harmful airborne pathogens. The Company was established to develop technology-driven, medical-grade air purification solutions for hospitals and other healthcare settings. Its air hygiene product, Purgo, is an FD medical device that provides continuous air filtration, sanitization, and supplemental ventilation solutions with technology that can be applied in any indoor space including in hospitals, offices, and even in elevators.

Executives

Ritankar Pal	officer: Chief Operating Officer	10455 RIVERSIDE DR., PALM BEACH GARDENS FL 33410
Jonathan Harris	officer: Chief Commercial Officer	3000 CLEARVIEW WAY, SAN MATEO CA 94402
Bradley A Feld	director	C/O FOUNDRY GROUP, 645 WALNUT ST., BOULDER CO 80302
Ryan A Mcintyre	10 percent owner
Seth Levine	10 percent owner	1050 WALNUT STREET, SUITE 210, BOULDER CO 80302
Fg Next Gp, Llc	10 percent owner	1050 WALNUT STREET, SUITE 210, BOULDER CO 80302
Foundry Group Next, L.p.	10 percent owner	C/O FOUNDRY GROUP, 1050 WALNUT STREET, SUITE 219, BOULDER CO 80302
Ward Jr Stephen M	director	C/O CARPENTER TECHNOLOGY CORP, PO BOX 14662, READING PA 19612
Timothy J Scannell	director	2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Heather Floyd	director	1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Thomas P Mccaffrey	director	1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Lewis C Pell	10 percent owner	C/O VISION SCIENCES INC, 6 STRATHMORE RD, NATICK MA 01760
Michael F Senft	director	1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Jason Dibona	officer: Chief Executive Officer	10455 RIVERSIDE DRIVE, PALM BEACH GARDEN FL 33410
David Helfet	director	10455 RIVERSIDE DRIVE, PALM BEACH GARDENS FL 33410