Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. iCoreConnect's Pre-Tax Income for the
three
months ended in Sep. 2024 was $-5.99 Mil. iCoreConnect's Revenue for the
three
months ended in Sep. 2024 was $2.79 Mil. Therefore, iCoreConnect's pretax margin for the quarter that ended in Sep. 2024 was -214.89%.
The historical rank and industry rank for iCoreConnect's Pretax Margin % or its related term are showing as below:
ICCT'
s Pretax Margin % Range Over the Past 10 Years
Min: -7764.15 Med: -242.48 Max: 533.61
Current: -262.63
ICCT's Pretax Margin % is ranked worse than 93.72% of 669
companies
in the Healthcare Providers & Services industry
Industry Median: 3.04
vs ICCT: -262.63
iCoreConnect Pretax Margin % Historical Data
The historical data trend for iCoreConnect's Pretax 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.
Competitive Comparison of iCoreConnect's Pretax Margin %
For the Health Information Services subindustry, iCoreConnect's Pretax Margin %, along with its competitors' market caps and Pretax 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.
iCoreConnect's Pretax Margin % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, iCoreConnect's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where iCoreConnect's Pretax Margin % falls into.
* 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.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
iCoreConnect Pretax Margin % Related Terms
Thank you for viewing the detailed overview of iCoreConnect's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems. Its core services technology can be adopted to other vertical markets that require a high degree of secure data communication, such as the legal, financial, and education fields. It markets secure HIPAA compliant cloud-based software as a service (SaaS) offering under the names of iCoreExchange, iCoreCodeGenius, iCoreSecure, iCoreMD, iCoreDental, iCoreMobile, iCoreHuddle, iCoreRx, iCorePDMP, iCoreEPCS, and iCorePay. The company's software is sold under annual recurring revenue subscriptions. The company has a single reporting segment for reporting purposes focused on the North American market.
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