I Core Connect Inc. - Understand $iccrw stock

$ICCRW Market Cap: $36.86 Million

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Financial Snapshot

Revenue

$7.629M

TTM

Gross Margin

74.2%

TTM

Net Earnings

-$7.447M

TTM

Current Assets

$1.119M

Q2 2023

Current Liabilities

$9.879M

Q2 2023

Current Ratio

11.33%

Q2 2023

Total Assets

$6.408M

Q2 2023

Total Liabilities

$10.63M

Q2 2023

Book Value

-$4.227M

Q2 2023

Cash

$68.74K

Q2 2023

P/E

-4.949

Nov 25, 2024 EST

Free Cash Flow

-$1.053M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2022	2021	2020	2019	2018	2017	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$7.988M	$4.957M	$2.124M	$1.014M	$1.089M	$250.0K	$366.5K	$105.7K	$595.5K
YoY Change	61.16%	133.4%	109.43%	-6.89%	335.6%		246.72%	-82.25%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2022	2021	2020	2019	2018	2017	2014	2013	2012
Revenue	$7.988M	$4.957M	$2.124M	$1.014M	$1.089M	$250.0K	$366.5K	$105.7K	$595.5K
Cost Of Revenue	$2.243M	$1.580M	$1.009M	$305.0K	$449.0K	$226.0K	$211.8K	$17.79K	$5.300K
Gross Profit	$5.745M	$3.376M	$1.115M	$709.0K	$640.0K	$24.00K	$154.7K	$87.90K	$590.2K
Gross Profit Margin	71.92%	68.12%	52.49%	69.92%	58.77%	9.6%	42.21%	83.17%	99.11%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2022	2021	2020	2019	2018	2017	2014	2013	2012
Selling, General & Admin	$9.255M	$5.233M	$3.447M	$3.434M	$3.451M	$1.410M	$3.464M	$8.265M	$2.673M
YoY Change	76.86%	51.81%	0.38%	-0.49%	144.75%		-58.09%	209.25%
% of Gross Profit	161.1%	154.99%	309.22%	484.34%	539.22%	5875.0%	2239.18%	9403.24%	452.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$22.52K	$143.4K	$6.595K	$655.0K	$407.0K	$160.0K	$7.880K	$14.18K	$1.168M
YoY Change	-84.3%	2074.47%	-98.99%	60.93%	154.38%		-44.43%	-98.79%
% of Gross Profit	0.39%	4.25%	0.59%	92.38%	63.59%	666.67%	5.09%	16.13%	197.9%
Operating Expenses	$10.55M	$6.664M	$4.353M	$4.089M	$3.858M	$1.570M	$3.472M	$8.280M	$4.638M
YoY Change	58.27%	53.08%	6.46%	5.99%	145.73%		-58.07%	78.53%
Operating Profit	-$4.802M	-$4.964M	-$3.238M	-$3.380M	-$3.218M	-$1.546M	-$3.317M	-$8.192M	-$4.047M
YoY Change	-3.26%	53.29%	-4.19%	5.03%	108.15%		-59.51%	102.4%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2022	2021	2020	2019	2018	2017	2014	2013	2012
Interest Expense	$785.4K	$500.9K	$238.8K	-$236.0K	-$232.0K	-$115.0K	$3.822M	$1.727M	-$541.7K
YoY Change	56.81%	109.73%	-201.19%	1.72%	101.74%		121.26%	-418.9%
% of Operating Profit
Other Income/Expense, Net	-$1.278M	$7.500K	-$50.73K	-$64.00K	-$1.740M	$0.00	$23.98K		$321.9K
YoY Change	-17136.24%	-114.78%	-20.73%	-96.32%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2022	2021	2020	2019	2018	2017	2014	2013	2012
Pretax Income	-$6.080M	-$4.964M	-$3.491M	-$2.983M	-$5.190M	-$1.661M	$1.953M	-$8.230M	-$4.589M
YoY Change	22.47%	42.19%	17.04%	-42.52%	212.46%		-123.73%	79.35%
Income Tax									$0.00
% Of Pretax Income
Net Earnings	-$6.080M	-$4.964M	-$3.491M	-$2.983M	-$5.190M	-$1.661M	$1.953M	-$8.230M	-$4.589M
YoY Change	22.47%	42.19%	17.04%	-42.52%	212.46%		-123.73%	79.35%
Net Earnings / Revenue	-76.11%	-100.15%	-164.4%	-294.18%	-476.58%	-664.4%	532.96%	-7787.37%	-770.61%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.04	-$33.83K	-$45.66K	-$50.95K	-$116.3K	-$56.97K	$1.852K	-$11.57K	-$12.72K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2022	2021	2020	2019	2018	2017	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$196.2K	$71.81K	$7.620K	$445.0K	$1.000K	$52.00K	$190.8K	$513.3K	$70.00	$20.00K	$90.00K	$50.00K	$210.0K	$510.0K
YoY Change	173.15%	842.39%	-98.29%	44400.0%	-98.08%		-62.82%	733142.86%	-99.65%	-77.78%	80.0%	-76.19%	-58.82%
Cash & Equivalents	$196.2K	$71.81K	$7.620K	$445.0K	$1.000K	$52.00K	$190.8K	$513.3K	$70.00	$20.00K	$90.00K	$50.00K
Short-Term Investments
Other Short-Term Assets	$480.7K	$312.3K	$20.10K	$8.000K	$9.000K	$17.00K	$25.69K	$0.00	$0.00	$20.00K	$10.00K
YoY Change	53.93%	1453.68%	151.25%	-11.11%	-47.06%				-100.0%	100.0%
Inventory
Prepaid Expenses
Receivables	$414.8K	$629.1K	$126.5K	$101.0K	$224.0K	$122.0K	$18.90K	$8.190K	$33.98K	$250.0K	$10.00K	$0.00	$60.00K	$230.0K
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.092M	$1.013M	$154.2K	$554.0K	$234.0K	$191.0K	$235.4K	$521.5K	$34.05K	$290.0K	$100.0K	$60.00K	$270.0K	$740.0K
YoY Change	7.75%	557.07%	-72.17%	136.75%	22.51%		-54.86%	1431.45%	-88.26%	190.0%	66.67%	-77.78%	-63.51%
Property, Plant & Equipment	$1.019M	$191.6K	$152.9K	$59.00K	$11.00K	$10.00K	$13.05K	$0.00	$0.00	$0.00	$10.00K	$20.00K	$70.00K	$120.0K
YoY Change	431.61%	25.34%	159.12%	436.36%	10.0%					-100.0%	-50.0%	-71.43%	-41.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets							$1.358M	$3.230K	$0.00		$0.00	$60.00K
YoY Change							41938.39%				-100.0%
Total Long-Term Assets	$5.465M	$5.617M	$2.536M	$1.968M	$1.501M	$1.575M	$1.488M	$3.230K	$179.6K	$2.420M	$5.010M	$7.570M	$8.780M	$9.900M
YoY Change	-2.72%	121.46%	28.89%	31.11%	-4.7%		45971.52%	-98.2%	-92.58%	-51.7%	-33.82%	-13.78%	-11.31%
Total Assets	$6.556M	$6.630M	$2.691M	$2.522M	$1.735M	$1.766M	$1.724M	$524.7K	$213.7K	$2.710M	$5.110M	$7.630M	$9.050M	$10.64M
YoY Change
Accounts Payable	$2.336M	$1.642M	$1.664M	$1.001M	$664.0K	$985.0K	$442.4K	$1.149M	$2.810M	$1.800M	$1.790M	$1.590M	$1.840M	$990.0K
YoY Change	42.3%	-1.34%	66.25%	50.75%	-32.59%		-61.51%	-59.1%	56.11%	0.56%	12.58%	-13.59%	85.86%
Accrued Expenses	$169.4K	$66.74K	$89.09K	$55.00K			$200.0K	$703.5K	$0.00
YoY Change	153.85%	-25.09%	61.98%				-71.57%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$498.0K	$498.0K	$499.0K	$0.00	$0.00	$0.00	$60.00K	$90.00K	$300.0K	$300.0K
YoY Change				-100.0%	0.0%					-100.0%	-33.33%	-70.0%	0.0%
Long-Term Debt Due	$4.280M	$2.325M	$1.429M	$880.0K	$1.361M	$1.461M	$793.1K	$4.820M	$4.390M	$3.290M	$4.870M	$3.620M	$1.280M	$1.460M
YoY Change	84.04%	62.7%	62.41%	-35.34%	-6.84%		-83.55%	9.81%	33.42%	-32.44%	34.53%	182.81%	-12.33%
Total Short-Term Liabilities	$6.799M	$4.054M	$3.185M	$1.936M	$2.523M	$2.944M	$4.784M	$8.300M	$8.134M	$5.280M	$6.780M	$5.420M	$3.540M	$2.890M
YoY Change	67.7%	27.28%	64.52%	-23.27%	-14.3%		-42.37%	2.04%	54.05%	-22.12%	25.09%	53.11%	22.49%
Long-Term Debt	$1.449M	$1.538M	$0.00	$13.00K	$55.00K	$0.00	$4.604M	$0.00	$0.00	$0.00	$1.890M	$1.270M	$1.400M	$280.0K
YoY Change	-5.8%		-100.0%	-76.36%						-100.0%	48.82%	-9.29%	400.0%
Other Long-Term Liabilities	$809.5K	$32.32K	$134.4K	$108.0K	$115.0K	$86.00K	$1.957M	$5.999M	$0.00
YoY Change	2404.52%	-75.96%	24.46%	-6.09%	33.72%		-67.37%
Total Long-Term Liabilities	$2.259M	$1.571M	$134.4K	$121.0K	$170.0K	$86.00K	$6.561M	$5.999M	$0.00	$0.00	$1.890M	$1.270M	$1.400M	$280.0K
YoY Change	43.79%	1068.58%	11.09%	-28.82%	97.67%		9.37%			-100.0%	48.82%	-9.29%	400.0%
Total Liabilities	$9.058M	$5.625M	$3.320M	$2.057M	$2.693M	$3.030M	$11.34M	$14.30M	$8.134M	$5.280M	$8.670M	$6.690M	$4.940M	$3.170M
YoY Change	61.02%	69.45%	61.38%	-23.62%	-11.12%		-20.66%	75.8%	54.05%	-39.1%	29.6%	35.43%	55.84%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2022	2021	2020
Basic Shares Outstanding	146.7M shares	146.7M shares	76.46M shares
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $36.857 Million

About iCoreConnect Inc.

FG Merger Corp is a US-based company operating in Health Care Technology industry. The company is headquartered in Ocoee, Florida. The company went IPO on 2022-02-25. iCoreConnect Inc. (iCoreConnect) is a cloud-based software and technology company. The firm is focused on increasing workflow productivity and practice profitability through its enterprise and healthcare workflow platform of applications and services. The company is primarily engaged in providing solutions to solve the healthcare business problems. iCoreConnect touts a platform of over 16 software-as-a-service (SaaS) enterprise solutions and more than 100 agreements with state or regional healthcare associations across the country. The company offers solutions for the dental, medical and business information technology (IT) sectors. Its solutions include iCoreRx, iCoreVerify, iCoreHuddle, iCoreExchange, iCoreCloud, iCoreIT and iCoreCodeGenuis. iCoreRx is an ePrescribing solution to improve efficiency, resource utilization, and patient safety. iCoreVerify platform offers automated insurance verification for dental practices. iCoreHuddle provides revenue-focused patient and practice analytics.

Industry: Services-Prepackaged Software Peers: SCWorx Corp. CareView Communications Inc Healthcare Triangle, Inc. HealthLynked Corp iSpecimen Inc.