ICoreConnect Historical Income Statement

ICCT Stock

USD 0.17 0.01 5.56%

Historical analysis of ICoreConnect Common income statement accounts such as Selling General Administrative of 13.8 M or Selling And Marketing Expenses of 583.4 K can show how well iCoreConnect Common stock performed in making a profits. Evaluating ICoreConnect Common income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ICoreConnect Common's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining iCoreConnect Common stock latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether iCoreConnect Common stock is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iCoreConnect Common stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

About ICoreConnect Income Statement Analysis

iCoreConnect Common stock Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ICoreConnect Common shareholders. The income statement also shows ICoreConnect investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

ICoreConnect Common Income Statement Chart

At this time, ICoreConnect Common's Interest Expense is comparatively stable compared to the past year. Total Revenue is likely to gain to about 8.6 M in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 583.4 K in 2024.

Interest Expense Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit Other Operating Expenses

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Total Revenue

Total revenue comprises all receipts iCoreConnect Common stock generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of iCoreConnect Common stock minus its cost of goods sold. It is profit before ICoreConnect Common operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of iCoreConnect Common stock. It is also known as ICoreConnect Common overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from ICoreConnect Common's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into iCoreConnect Common stock current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iCoreConnect Common stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

	2021	2022	2023	2024 (projected)
Gross Profit	3.4M	5.7M	6.1M	6.4M
Total Revenue	5.0M	8.0M	8.2M	8.6M

Gross Profit Total Revenue

ICoreConnect Common income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Net Income	Income Tax Expense	Income Before Tax	Total Other Income Expense Net	Net Income From Continuing Ops	Net Interest Income	Reconciled Depreciation	Non Operating Income Net Other
Depreciation And Amortization		0.2	0.26	0.42	0.42	0.44	0.43	-0.25	-0.21	0.1	0.36	0.34	-0.25	0.21	-0.25	-0.24	-0.23	-0.42	0.46	0.24
Interest Expense	0.2		0.68	0.52	0.48	0.5	0.63	-0.64	-0.69	-0.63	0.38	0.63	-0.5	-0.13	-0.51	-0.19	-0.73	-0.62	0.17	0.68
Selling General Administrative	0.26	0.68		0.9	0.87	0.89	0.96	-0.89	-0.95	-0.89	0.8	0.98	-0.83	0.05	-0.82	-0.56	-0.92	-0.27	0.64	0.86
Selling And Marketing Expenses	0.42	0.52	0.9		0.99	0.99	0.94	-0.66	-0.76	-0.65	0.96	0.93	-0.77	0.2	-0.75	-0.63	-0.84	-0.23	0.84	0.75
Total Revenue	0.42	0.48	0.87	0.99		1.0	0.92	-0.61	-0.72	-0.6	0.98	0.9	-0.76	0.24	-0.72	-0.65	-0.81	-0.13	0.87	0.7
Gross Profit	0.44	0.5	0.89	0.99	1.0		0.94	-0.64	-0.75	-0.62	0.96	0.92	-0.78	0.24	-0.75	-0.66	-0.83	-0.17	0.85	0.73
Other Operating Expenses	0.43	0.63	0.96	0.94	0.92	0.94		-0.84	-0.9	-0.78	0.85	0.98	-0.84	0.14	-0.83	-0.61	-0.9	-0.32	0.71	0.81
Operating Income	-0.25	-0.64	-0.89	-0.66	-0.61	-0.64	-0.84		0.96	0.89	-0.49	-0.88	0.8	-0.02	0.83	0.49	0.82	0.42	-0.33	-0.78
Ebit	-0.21	-0.69	-0.95	-0.76	-0.72	-0.75	-0.9	0.96		0.95	-0.62	-0.94	0.83	-0.01	0.86	0.55	0.93	0.35	-0.44	-0.91
Ebitda	0.1	-0.63	-0.89	-0.65	-0.6	-0.62	-0.78	0.89	0.95		-0.52	-0.85	0.77	0.05	0.8	0.49	0.88	0.22	-0.31	-0.85
Cost Of Revenue	0.36	0.38	0.8	0.96	0.98	0.96	0.85	-0.49	-0.62	-0.52		0.83	-0.68	0.24	-0.64	-0.61	-0.72	-0.01	0.92	0.62
Total Operating Expenses	0.34	0.63	0.98	0.93	0.9	0.92	0.98	-0.88	-0.94	-0.85	0.83		-0.87	0.13	-0.87	-0.64	-0.93	-0.29	0.67	0.85
Net Income	-0.25	-0.5	-0.83	-0.77	-0.76	-0.78	-0.84	0.8	0.83	0.77	-0.68	-0.87		-0.54	0.98	0.9	0.84	0.13	-0.56	-0.79
Income Tax Expense	0.21	-0.13	0.05	0.2	0.24	0.24	0.14	-0.02	-0.01	0.05	0.24	0.13	-0.54		-0.5	-0.79	-0.09	0.29	0.29	0.05
Income Before Tax	-0.25	-0.51	-0.82	-0.75	-0.72	-0.75	-0.83	0.83	0.86	0.8	-0.64	-0.87	0.98	-0.5		0.87	0.85	0.21	-0.5	-0.8
Total Other Income Expense Net	-0.24	-0.19	-0.56	-0.63	-0.65	-0.66	-0.61	0.49	0.55	0.49	-0.61	-0.64	0.9	-0.79	0.87		0.63	-0.13	-0.57	-0.59
Net Income From Continuing Ops	-0.23	-0.73	-0.92	-0.84	-0.81	-0.83	-0.9	0.82	0.93	0.88	-0.72	-0.93	0.84	-0.09	0.85	0.63		0.34	-0.52	-0.95
Net Interest Income	-0.42	-0.62	-0.27	-0.23	-0.13	-0.17	-0.32	0.42	0.35	0.22	-0.01	-0.29	0.13	0.29	0.21	-0.13	0.34		0.12	-0.3
Reconciled Depreciation	0.46	0.17	0.64	0.84	0.87	0.85	0.71	-0.33	-0.44	-0.31	0.92	0.67	-0.56	0.29	-0.5	-0.57	-0.52	0.12		0.49
Non Operating Income Net Other	0.24	0.68	0.86	0.75	0.7	0.73	0.81	-0.78	-0.91	-0.85	0.62	0.85	-0.79	0.05	-0.8	-0.59	-0.95	-0.3	0.49

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ICoreConnect Common Account Relationship Matchups

ICoreConnect Common income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	591K	906.1K	1.4M	1.3M	1.3M	699.2K
Interest Expense	236K	238.8K	500.9K	785.4K	2.4M	2.5M
Selling General Administrative	3.4M	3.4M	4.9M	8.7M	14.5M	13.8M
Total Revenue	1.0M	2.1M	5.0M	8.0M	8.2M	8.6M
Gross Profit	709K	1.1M	3.4M	5.7M	6.1M	6.4M
Other Operating Expenses	4.4M	5.4M	8.2M	12.8M	18.4M	19.3M
Operating Income	(3.4M)	(3.2M)	(3.3M)	(4.8M)	(10.3M)	(10.8M)
Ebit	(3.4M)	(3.3M)	(2.9M)	(4.8M)	(13.2M)	(12.5M)
Ebitda	(2.8M)	(2.3M)	(1.5M)	(3.5M)	(11.9M)	(11.3M)
Cost Of Revenue	305K	1.0M	1.6M	2.2M	2.0M	2.1M
Total Operating Expenses	4.1M	4.4M	6.7M	10.5M	16.4M	17.2M
Net Income	(3.2M)	(3.7M)	(5.8M)	(7.4M)	(15.6M)	(14.8M)
Income Tax Expense	172K	188.9K	838.4K	1.3M	(3.0)	(2.85)
Income Before Tax	(3.0M)	(3.5M)	(5.0M)	(6.1M)	(15.6M)	(14.8M)
Total Other Income Expense Net	397K	(252.9K)	(1.7M)	(1.3M)	(5.3M)	(5.0M)
Net Income From Continuing Ops	(3.0M)	(3.5M)	(5.0M)	(6.1M)	(15.6M)	(14.8M)
Net Income Applicable To Common Shares	(3.0M)	(3.5M)	(5.0M)	(7.9M)	(7.1M)	(7.4M)
Net Interest Income	(236K)	(238.8K)	(2.0M)	(1.2M)	(2.4M)	(2.3M)
Reconciled Depreciation	655K	905.2K	1.4M	1.3M	1.3M	978.6K

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ICoreConnect Historical Income Statement

About ICoreConnect Income Statement Analysis

ICoreConnect Common Income Statement Chart

Interest Expense

Total Revenue

Gross Profit

Other Operating Expenses

ICoreConnect Common income statement Correlations

ICoreConnect Common Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ICoreConnect Common income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Total Revenue	+ 0.99	Selling And Marketing Expenses
Gross Profit	+ 0.99	Selling And Marketing Expenses
Total Operating Expenses	+ 0.98	Selling General Administrative
Cost Of Revenue	+ 0.98	Total Revenue
Total Operating Expenses	+ 0.98	Other Operating Expenses

Non Operating Income Net Other	- 0.95	Net Income From Continuing Ops
Ebit	- 0.95	Selling General Administrative
Total Operating Expenses	- 0.94	Ebit
Net Income From Continuing Ops	- 0.93	Total Operating Expenses
Net Income From Continuing Ops	- 0.92	Selling General Administrative
Non Operating Income Net Other	- 0.91	Ebit