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Optimind Pharma (XCNQ:OMND) Pretax Margin % : -33.33% (As of Nov. 2024)


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What is Optimind Pharma Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Optimind Pharma's Pre-Tax Income for the three months ended in Nov. 2024 was C$-0.01 Mil. Optimind Pharma's Revenue for the three months ended in Nov. 2024 was C$0.03 Mil. Therefore, Optimind Pharma's pretax margin for the quarter that ended in Nov. 2024 was -33.33%.

The historical rank and industry rank for Optimind Pharma's Pretax Margin % or its related term are showing as below:

XCNQ:OMND' s Pretax Margin % Range Over the Past 10 Years
Min: -1815.88   Med: -1479.49   Max: -808.04
Current: -808.04


XCNQ:OMND's Pretax Margin % is ranked worse than
95.38% of 974 companies
in the Drug Manufacturers industry
Industry Median: 5.995 vs XCNQ:OMND: -808.04

Optimind Pharma Pretax Margin % Historical Data

The historical data trend for Optimind Pharma'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.

* Premium members only.

Optimind Pharma Pretax Margin % Chart

Optimind Pharma Annual Data
Trend Feb22 Feb23 Feb24
Pretax Margin %
- -1,815.88 -1,143.09

Optimind Pharma Quarterly Data
Jun21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -385.19 -2,553.57 -612.50 -202.44 -33.33

Competitive Comparison of Optimind Pharma's Pretax Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Optimind Pharma'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.


Optimind Pharma's Pretax Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Optimind Pharma's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Optimind Pharma's Pretax Margin % falls into.


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Optimind Pharma 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.

Optimind Pharma's Pretax Margin for the fiscal year that ended in Feb. 2024 is calculated as

Pretax Margin=Pre-Tax Income (A: Feb. 2024 )/Revenue (A: Feb. 2024 )
=-1.406/0.123
=-1,143.09 %

Optimind Pharma's Pretax Margin for the quarter that ended in Nov. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Nov. 2024 )/Revenue (Q: Nov. 2024 )
=-0.009/0.027
=-33.33 %

* 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.


Optimind Pharma  (XCNQ:OMND) 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.


Optimind Pharma Pretax Margin % Related Terms

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Optimind Pharma Business Description

Traded in Other Exchanges
N/A
Address
77 King Street West, Suite 3000, TD Centre, North Tower, PO Box 95, Toronto, ON, CAN, M5K 1G8
Optimind Pharma Corp is an emerging provider of psychedelic therapies for the masses. It helps people suffering from PTSD, Anxiety, Depression, and other mental illnesses and disabilities by providing ketamine-assisted-treatment and other psychedelic-enhanced-psychotherapy modalities. It is also partnered with developers of psilocybin-associated treatments and products to further expand its treatment and program offerings.

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