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SomaLogic Gross Margin %

: 49.96% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. SomaLogic's Gross Profit for the three months ended in Jun. 2022 was $7.07 Mil. SomaLogic's Revenue for the three months ended in Jun. 2022 was $14.14 Mil. Therefore, SomaLogic's Gross Margin % for the quarter that ended in Jun. 2022 was 49.96%.


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

SLGC' s Gross Margin % Range Over the Past 10 Years
Min: 53.18   Med: 59.27   Max: 59.54
Current: 53.18


During the past 2 years, the highest Gross Margin % of SomaLogic was 59.54%. The lowest was 53.18%. And the median was 59.27%.

SLGC's Gross Margin % is ranked better than
63.11% of 610 companies
in the Healthcare Providers & Services industry
Industry Median: 42.82 vs SLGC: 53.18

SomaLogic had a gross margin of 49.96% for the quarter that ended in Jun. 2022 => Durable competitive advantage

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


SomaLogic Gross Margin % Historical Data

The historical data trend for SomaLogic'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.

SomaLogic Annual Data
Trend Dec20 Dec21
Gross Margin %
59.54 59.00

SomaLogic Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only 59.63 56.13 54.50 49.30 49.96

Competitive Comparison

For the Health Information Services subindustry, SomaLogic'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.

   

SomaLogic Gross Margin % Distribution

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

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



SomaLogic Gross Margin % Calculation

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

SomaLogic's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=48.2 / 81.626
=(Revenue - Cost of Goods Sold) / Revenue
=(81.626 - 33.463) / 81.626
=59.00 %

SomaLogic's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=7.1 / 14.144
=(Revenue - Cost of Goods Sold) / Revenue
=(14.144 - 7.077) / 14.144
=49.96 %

* 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.


SomaLogic  (NAS:SLGC) 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

SomaLogic had a gross margin of 49.96% for the quarter that ended in Jun. 2022 => 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.


SomaLogic Gross Margin % Related Terms

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


SomaLogic Business Description

SomaLogic logo
Traded in Other Exchanges
Address
2945 Wilderness Place, Boulder, CO, USA, 80301
SomaLogic Inc delivers precise and actionable health-management information that helps individuals to optimize their personal health and wellness throughout their lives. This information, to be provided through a global network of partners and users, is derived from SomaLogic's personalized measurement of changes in an individual's proteins over time.
Executives
Blakeman Shaun M. officer: Chief Financial Officer C/O CANTEL MEDICAL CORP. 150 CLOVE ROAD LITTLE FALLS NJ 07424
Margulies Anne H. director C/O HENRY SCHEIN, INC. 135 DURYEA ROAD MELVILLE NY 11747
Post Richard A director 998 LACOSTA LANE LANE TREE CO 80124
Casdin Eli director 1350 AVENUE OF THE AMERICAS SUITE 1140 NEW YORK NY 10019
Cox Troy director C/O FOUNDATION MEDICINE, INC. C/O FOUNDATION MEDICINE, INC., 150 SECON CAMBRIDGE MA 02141
Meisel Ted D director
Barchi Robert director
Quake Stephen director C/O FLUIDIGM CORPORATION 7000 SHORELINE COURT, SUITE 100 SOUTH SAN FRANCISCO CA 94080
Lillis Charles M. director 13 CASTLE PINES DRIVE N CASTLE ROCK CO 80108
Harris Melody officer: President and COO 4801 WEST BYRON PLACE DENVER CO 80211
Gutierrez Ruben officer: General Counsel 6435 AVENIDA WILFREDO LA JOLLA CA 92037
Graves Amy officer: Chief Accounting Officer 926 PENDLETON AVENUE LONGMONT CO 80504
Smythe Roy director, officer: Chief Executive Officer 935 10TH STREET BOULDER CO 80302
M-lsh Ii Llc 10 percent owner 667 MADISON AVENUE C/O CORVEX MANAGEMENT LP NEW YORK NY 10065
C-lsh Ii Llc 10 percent owner 1350 6TH AVENUE SUITE 2600 NEW YORK NY 10019

SomaLogic Headlines

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