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.
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.
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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
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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.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. 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.
| 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 |
ICoreConnect Common income statement Correlations
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ICoreConnect Common Account Relationship Matchups
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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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When running ICoreConnect Common's price analysis, check to measure ICoreConnect Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICoreConnect Common is operating at the current time. Most of ICoreConnect Common's value examination focuses on studying past and present price action to predict the probability of ICoreConnect Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICoreConnect Common's price. Additionally, you may evaluate how the addition of ICoreConnect Common to your portfolios can decrease your overall portfolio volatility.