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OCTO (Eightco Holdings) Net Margin % : -41.41% (As of Sep. 2024)


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What is Eightco Holdings Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Eightco Holdings's Net Income for the three months ended in Sep. 2024 was $-3.18 Mil. Eightco Holdings's Revenue for the three months ended in Sep. 2024 was $7.67 Mil. Therefore, Eightco Holdings's net margin for the quarter that ended in Sep. 2024 was -41.41%.

The historical rank and industry rank for Eightco Holdings's Net Margin % or its related term are showing as below:

OCTO' s Net Margin % Range Over the Past 10 Years
Min: -148.51   Med: -48.37   Max: 0.37
Current: -7.41


OCTO's Net Margin % is ranked worse than
90.05% of 392 companies
in the Packaging & Containers industry
Industry Median: 3.865 vs OCTO: -7.41

Eightco Holdings Net Margin % Historical Data

The historical data trend for Eightco Holdings's Net 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.

Eightco Holdings Net Margin % Chart

Eightco Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net Margin %
-6.00 0.37 -148.51 -90.73

Eightco Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net 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 -14.80 -39.69 20.18 63.40 -41.41

Competitive Comparison of Eightco Holdings's Net Margin %

For the Packaging & Containers subindustry, Eightco Holdings's Net Margin %, along with its competitors' market caps and Net 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.


Eightco Holdings's Net Margin % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Eightco Holdings's Net Margin % distribution charts can be found below:

* The bar in red indicates where Eightco Holdings's Net Margin % falls into.


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Eightco Holdings Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Eightco Holdings's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-68.32/75.297
=-90.73 %

Eightco Holdings's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-3.177/7.672
=-41.41 %

* 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.


Eightco Holdings  (NAS:OCTO) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Eightco Holdings Net Margin % Related Terms

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Eightco Holdings Business Description

Traded in Other Exchanges
N/A
Address
101 Larry Holmes Dr., Easton, Safety Harbor, PA, USA, 18042
Eightco Holdings Inc operates in three main businesses: Forever 8 Inventory Cash Flow Solution, Web3 Business, and Packaging Business. Forever 8 focuses on purchasing inventory for e-commerce retailers and is part of its Inventory Solution Business. Web3 Business but has no intention of continuing this business at this time. The Packaging Business manufactures and sells custom packaging for a wide variety of products and helps customers generate brand awareness and promote brand image through packaging. The Company's two reportable segments were the Inventory Management Solutions segment and the Corrugated segment. Key revenue is generated from Inventory Management Solutions segment.
Executives
Brian Mcfadden director, officer: President and CEO 855 BAYWAY BLVD, CLEARWATER BEACH FL 33767
Louis Foreman director 520 ELLIOT STREET, CHARLOTTE NC 28202
Frank D Jennings director 1739 SAILMAKER STREET, CHARLESTON SC 29492
Vroman Brett Earl James officer: Chief Financial Officer C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865
Kevin J O'donnell director, officer: Chairman 91 OAKLEIGH LANE, MAITLAND FL 32751
Vinco Ventures, Inc. 10 percent owner C/O INCORP SERVICES, 3773 HOWARD HUGHES PKWY. STE 500S, LAS VEGAS NV 89169
Mary Ann Halford director 12 BRIARBROOK DRIVE, BRIARCLIFF MANOR NY 10510