Financial Snapshot

Revenue
$8.599M
TTM
Gross Margin
77.29%
TTM
Net Earnings
-$22.06M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
11.06%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$3.021M
Q3 2024
Cash
Q3 2024
P/E
-0.1896
Nov 29, 2024 EST
Free Cash Flow
-$990.0K
TTM

Revenues

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 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
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

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2014 2013 2012 2011 2010 2009 2008 2007
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 2011 2010 2009 2008 2007
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

No data

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2014 2013 2012 2011 2010 2009 2008 2007
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

No data

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 2023 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

No data

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2014 2013 2012 2011 2010 2009 2008 2007
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

Dividends

No data

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