CloudMD Software & Services (TSXV:DOC) Pretax Margin % : -21.75% (As of Sep. 2023)

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What is CloudMD Software & Services Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. CloudMD Software & Services's Pre-Tax Income for the three months ended in Sep. 2023 was C$-5.1 Mil. CloudMD Software & Services's Revenue for the three months ended in Sep. 2023 was C$23.6 Mil. Therefore, CloudMD Software & Services's pretax margin for the quarter that ended in Sep. 2023 was -21.75%.

The historical rank and industry rank for CloudMD Software & Services's Pretax Margin % or its related term are showing as below:

TSXV:DOC' s Pretax Margin % Range Over the Past 10 Years
Min: -216.06 Med: -91.95 Max: -33.55
Current: -60.91

TSXV:DOC's Pretax Margin % is ranked worse than
84.66% of 652 companies
in the Healthcare Providers & Services industry
Industry Median: 2.46 vs TSXV:DOC: -60.91

CloudMD Software & Services Pretax Margin % Historical Data

The historical data trend for CloudMD Software & Services'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.

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CloudMD Software & Services Pretax Margin % Chart

CloudMD Software & Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Pretax Margin %

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-216.06

-67.28

-91.95

-33.55

-134.26

CloudMD Software & Services Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Pretax Margin %	Get a 7-Day Free Trial															-375.60	-132.80	-27.77	-22.46	-21.75

Competitive Comparison of CloudMD Software & Services's Pretax Margin %

For the Health Information Services subindustry, CloudMD Software & Services'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.

CloudMD Software & Services's Pretax Margin % Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where CloudMD Software & Services's Pretax Margin % falls into.

CloudMD Software & Services Pretax Margin % Calculation

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

CloudMD Software & Services's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	-153.67	/	114.456
	=	-134.26 %

CloudMD Software & Services's Pretax Margin for the quarter that ended in Sep. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-5.135	/	23.612
	=	-21.75 %

CloudMD Software & Services (TSXV:DOC) Pretax Margin % Explanation

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.

CloudMD Software & Services Pretax Margin % Related Terms

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CloudMD Software & Services (TSXV:DOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CloudMD Software & Services Inc (TSXV:DOC) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

DOCRF:USA 6PH:Germany

Address

885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.cloudmd.ca

CloudMD Software & Services Inc is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS-based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). It has two segments Digital Health Solutions and Enterprise Health Solutions.

Executives

Nathan Lane

Senior Officer