Lottery.com (Lottery.com) Gross Margin %

: -8.55% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Lottery.com's Gross Profit for the three months ended in Dec. 2023 was $-0.42 Mil. Lottery.com's Revenue for the three months ended in Dec. 2023 was $4.92 Mil. Therefore, Lottery.com's Gross Margin % for the quarter that ended in Dec. 2023 was -8.55%.

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

LTRY' s Gross Margin % Range Over the Past 10 Years
Min: 14.45 Med: 50.28 Max: 60.42
Current: 14.45

During the past 5 years, the highest Gross Margin % of Lottery.com was 60.42%. The lowest was 14.45%. And the median was 50.28%.

LTRY's Gross Margin % is ranked worse than
91.5% of 765 companies
in the Travel & Leisure industry
Industry Median: 43.19 vs LTRY: 14.45

Lottery.com had a gross margin of -8.55% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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

Lottery.com Gross Margin % Historical Data

The historical data trend for Lottery.com'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.

Lottery.com Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

55.17

60.42

50.28

36.41

14.45

Lottery.com Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial										85.87	94.35	85.50	74.48	-8.55

Competitive Comparison

For the Gambling subindustry, Lottery.com'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.

Lottery.com Gross Margin % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Lottery.com's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Lottery.com's Gross Margin % falls into.

Lottery.com Gross Margin % Calculation

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

Lottery.com'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 )
	=	0.9	/	6.483
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.483 - 5.546)	/	6.483
	=	14.45 %

Lottery.com'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 )
	=	-0.4	/	4.922
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4.922 - 5.343)	/	4.922
	=	-8.55 %

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.

Lottery.com (NAS:LTRY) 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

Lottery.com had a gross margin of -8.55% 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.

Lottery.com Gross Margin % Related Terms

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

Lottery.com (Lottery.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lottery.com Inc (NAS:LTRY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20808 State Highway, 71 W, Unit B, Spicewood, TX, USA, 78669

Website

https://www.lottery.com

Lottery.com Inc is a technology company that is transforming how, where, and when the lottery is played. Its engaging mobile and online platforms enable players and commercial partners located in the U.S. and internationally to remotely purchase legally sanctioned lottery games. It offers more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, the firm is fundamentally changing how non-profit donors are incentivized to action by gasifying charitable giving. In all that its mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives.

Executives

Robert J Stubblefield	officer: Chief Financial Officer	C/O LOTTERY.COM, INC., 20808 STATE HWY 71 W, UNIT B, SPICEWOOD TX 78669
Ald Holdings Group, Llc	10 percent owner	10 FOSTER LANE, 3RD FLOOR, LONDON X0 EC2V 6HR
Woodford Eurasia Assets Ltd.	10 percent owner	10 FOSTER LANE, 3RD FLOOR, LONDON X0 EC2V 6HR
Mc Holdings Group, Llc	10 percent owner	10 FOSTER LANE, 3RD FLOOR, LONDON X0 EC2V 6HR
Mark John Gustavson	officer: Chief Executive Officer	3/3 GREENE STREET, MILL VALLEY CA 94941
Thompson William C Jr	director	6650 EL CAMINO ROAD, LAS VEGAS NV 89118
Kathryn S Lever	officer: CLO & Secretary	20808 STATE HWY 71 W. UNIT B, SPICEWOOD TX 78669
Steven Michael Cohen	director	35 EAST 62ND STREET, NEW YORK NM 10065
Richard Kivel	director	C/O REXAHN PHARMACEUTICALS, INC., 15245 SHADY GROVE ROAD, SUITE 455, ROCKVILLE MD 20850
Dimatteo Lawrence Anthony Iii	director, 10 percent owner, officer: Chief Executive Officer	20808 STATE HWY 71 W. UNIT B, SPICEWOOD TX 78669
Lisa M. Borders	director	C/O J.P. MORGAN PRIVATE INVESTMENTS INC., 383 MADISON AVENUE, NEW YORK NY 10179
Joseph Kaminkow	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
Ryan Dickinson	officer: Acting CFO; COO, PRES & TREAS	20808 STATE HWY 71 W. UNIT B, SPICEWOOD TX 78669
Matthew Clemenson	director, 10 percent owner, officer: Chief Commercial Officer	20808 STATE HWY 71 W. UNIT B, SPICEWOOD TX 78669
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019