I Core Connect Inc. - Understand $icct stock

$ICCT Market Cap: $4.181 Million

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Financial Snapshot

Revenue

$8.599M

TTM

Gross Margin

77.29%

TTM

Net Earnings

-$22.06M

TTM

Current Assets

$1.452M

Q3 2024

Current Liabilities

$13.12M

Q3 2024

Current Ratio

11.06%

Q3 2024

Total Assets

$14.22M

Q3 2024

Total Liabilities

$17.24M

Q3 2024

Book Value

-$3.021M

Q3 2024

Cash

$212.3K

Q3 2024

P/E

-0.1896

Nov 29, 2024 EST

Free Cash Flow

-$990.0K

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$8.152M	$0.00	$0.00	$0.00	$1.014M	$1.089M	$250.0K	$366.5K	$105.7K	$595.5K
YoY Change				-100.0%	-6.89%	335.6%		246.72%	-82.25%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012
Revenue	$8.152M	$0.00	$0.00	$0.00	$1.014M	$1.089M	$250.0K	$366.5K	$105.7K	$595.5K
Cost Of Revenue	$2.029M	$2.243M	$1.580M	$1.009M	$305.0K	$449.0K	$226.0K	$211.8K	$17.79K	$5.300K
Gross Profit	$6.122M	$5.745M	$3.376M	$1.115M	$709.0K	$640.0K	$24.00K	$154.7K	$87.90K	$590.2K
Gross Profit Margin	75.11%				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	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012
Selling, General & Admin		$1.093M	$1.800K	$0.00	$3.434M	$3.451M	$1.410M	$3.464M	$8.265M	$2.673M
YoY Change		60614.44%		-100.0%	-0.49%	144.75%		-58.09%	209.25%
% of Gross Profit		19.02%	0.05%	0.0%	484.34%	539.22%	5875.0%	2239.18%	9403.24%	452.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$17.43K	$1.292M	$1.431M	$905.2K	$655.0K	$407.0K	$160.0K	$7.880K	$14.18K	$1.168M
YoY Change	-98.65%	-9.72%	58.11%	38.2%	60.93%	154.38%		-44.43%	-98.79%
% of Gross Profit	0.28%	22.49%	42.39%	81.2%	92.38%	63.59%	666.67%	5.09%	16.13%	197.9%
Operating Expenses	$16.40M	$1.093M	$1.800K	$1.470K	$4.089M	$3.858M	$1.570M	$3.472M	$8.280M	$4.638M
YoY Change	1400.56%	60614.44%	22.45%	-99.96%	5.99%	145.73%		-58.07%	78.53%
Operating Profit	-$10.28M	-$1.093M	-$1.802K	$1.113M	-$3.380M	-$3.218M	-$1.546M	-$3.317M	-$8.192M	-$4.047M
YoY Change	840.34%	60547.17%	-100.16%	-132.94%	5.03%	108.15%		-59.51%	102.4%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012
Interest Expense	$1.109M	$1.182M	-$2.014M	-$238.8K	-$236.0K	-$232.0K	-$115.0K	$3.822M	$1.727M	-$541.7K
YoY Change	-6.15%	-158.69%	743.42%	1.19%	1.72%	101.74%		121.26%	-418.9%
% of Operating Profit				-21.45%
Other Income/Expense, Net	-$5.275M	$1.182M	$7.500K	-$50.73K	-$64.00K	-$1.740M	$0.00	$23.98K		$321.9K
YoY Change	-546.26%	15660.97%	-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	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012
Pretax Income		$89.21K	-$1.800K	-$1.470K	-$2.983M	-$5.190M	-$1.661M	$1.953M	-$8.230M	-$4.589M
YoY Change		-5056.11%	22.45%	-99.95%	-42.52%	212.46%		-123.73%	79.35%
Income Tax		$215.0K								$0.00
% Of Pretax Income		241.0%
Net Earnings	-$15.92M	-$125.8K	-$1.800K	-$1.470K	-$2.983M	-$5.190M	-$1.661M	$1.953M	-$8.230M	-$4.589M
YoY Change	12556.4%	6888.28%	22.45%	-99.95%	-42.52%	212.46%		-123.73%	79.35%
Net Earnings / Revenue	-195.3%				-294.18%	-476.58%	-664.4%	532.96%	-7787.37%	-770.61%
Basic Earnings Per Share
Diluted Earnings Per Share		-$0.01	-$203.60	-$166.30	-$0.05	-$0.12	-$0.06	$0.00	-$0.01	-$0.01

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	$521.9K	$0.00	$0.00	$445.0K	$1.000K	$52.00K	$190.8K	$513.3K	$70.00	$20.00K	$90.00K	$50.00K	$210.0K	$510.0K
YoY Change			-100.0%	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	$223.7K	$312.3K	$20.10K	$8.000K	$9.000K	$17.00K	$25.69K	$0.00	$0.00	$20.00K	$10.00K
YoY Change	-28.37%	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	$745.6K	$0.00	$0.00	$554.0K	$234.0K	$191.0K	$235.4K	$521.5K	$34.05K	$290.0K	$100.0K	$60.00K	$270.0K	$740.0K
YoY Change			-100.0%	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	$83.69M
YoY Change
Other Assets							$1.358M	$3.230K	$0.00		$0.00	$60.00K
YoY Change							41938.39%				-100.0%
Total Long-Term Assets	$83.69M	$0.00	$0.00	$1.968M	$1.501M	$1.575M	$1.488M	$3.230K	$179.6K	$2.420M	$5.010M	$7.570M	$8.780M	$9.900M
YoY Change			-100.0%	31.11%	-4.7%		45971.52%	-98.2%	-92.58%	-51.7%	-33.82%	-13.78%	-11.31%
Total Assets	$84.44M	$0.00	$0.00	$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	$300.0K	$3.270K	$1.470K	$1.001M	$664.0K	$985.0K	$442.4K	$1.149M	$2.810M	$1.800M	$1.790M	$1.590M	$1.840M	$990.0K
YoY Change	9073.09%	122.45%	-99.85%	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	$684.9K	$3.270K	$1.470K	$1.936M	$2.523M	$2.944M	$4.784M	$8.300M	$8.134M	$5.280M	$6.780M	$5.420M	$3.540M	$2.890M
YoY Change	20845.87%	122.45%	-99.92%	-23.27%	-14.3%		-42.37%	2.04%	54.05%	-22.12%	25.09%	53.11%	22.49%
Long-Term Debt	$0.00	$0.00	$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			-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	$0.00	$0.00	$0.00	$121.0K	$170.0K	$86.00K	$6.561M	$5.999M	$0.00	$0.00	$1.890M	$1.270M	$1.400M	$280.0K
YoY Change			-100.0%	-28.82%	97.67%		9.37%			-100.0%	48.82%	-9.29%	400.0%
Total Liabilities	$684.9K	$3.270K	$1.470K	$2.057M	$2.693M	$3.030M	$11.34M	$14.30M	$8.134M	$5.280M	$8.670M	$6.690M	$4.940M	$3.170M
YoY Change	20845.87%	122.45%	-99.93%	-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	2023	2022
Basic Shares Outstanding	7.350M shares	5.768M 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: $4.1812 Million

About iCoreConnect Inc.

iCoreConnect, Inc. engages in the provision of cloud-based software and technology. The company is headquartered in Ocoee, Florida and currently employs 67 full-time employees. The company went IPO on 2022-02-25. The firm is focused on increasing workflow productivity and practice profitability through its enterprise and healthcare workflow platform of applications and services. The firm 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 United States. The company offers solutions for the dental, medical and business information technology (IT) sectors. The firm offers cloud-based SaaS offering under the names of iCoreRx, iCorePDMP, iCoreEPCS, iCoreVerify, iCoreVerify+, iCoreHuddle, iCoreHuddle+, iCoreCodeGenius, iCoreExchange, iCoreCloud, iCorePay, iCoreSecure, iCoreClaims, iCoreHIPAA, iCoreAcademy and iCoreIT. iCoreRx is an e-prescribing solution to improve efficiency, resource utilization, and patient safety.

Industry: Services-Prepackaged Software Peers: Better Therapeutics, Inc. CareCloud, Inc. CareView Communications Inc Forian Inc. UpHealth, Inc. ICAD INC STREAMLINE HEALTH SOLUTIONS INC. VEEVA SYSTEMS INC