See more : Boomer Holdings Inc. (BOMH) Income Statement Analysis – Financial Results
Complete financial analysis of iCoreConnect Inc. (ICCT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of iCoreConnect Inc., a leading company in the Medical – Healthcare Information Services industry within the Healthcare sector.
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iCoreConnect Inc. (ICCT)
Industry: Medical - Healthcare Information Services
Sector: Healthcare
Website: https://www.icoreconnect.com
About iCoreConnect Inc.
iCoreConnect Inc., a cloud-based software and technology company, provides cloud-based software products for the healthcare sector in the United States. The company's products include iCoreRx, a compliant electronic prescription software; iCoreExchange, a software as a service (SaaS) email solution that allows doctors to send and receive secure email with attachments to and from other healthcare professionals, patients, and referrals; iCoreCodeGenius that provides the coding standards for the 10th revision of the international classification of diseases and related health problems; and iCoreVerify, a compliant SaaS solution that allows practices to verify patient insurance benefits automatically and on-demand. Its products also comprise iCoreHuddle and iCoreHuddle+, a tool to instantly reveal the revenue potential of each patient; iCoreCloud, a compliant and automated backup solution, which offers customers to back up their on-premise servers and computers to the cloud; iCorePay, a patient payment processing solutions for payment and revenue cycle tracking; iCoreSecure, an encrypted email to protect personal and financial data; and iCoreIT, an IT managed services. The company was formerly known as iMedicor, Inc. and changed its name to iCoreConnect Inc. in June 2017. iCoreConnect Inc. was founded in 1992 and is headquartered in Ocoee, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.15M | 7.99M | 4.96M | 2.12M | 1.01M | 1.09M | 653.00K | 366.45K | 105.69K | 595.51K | 438.12K | 165.13K | 347.10K | 588.69K | 941.76K |
| Cost of Revenue | 2.03M | 2.24M | 1.58M | 1.01M | 305.00K | 449.00K | 296.00K | 211.76K | 17.79K | 5.30K | 4.88K | 71.22K | 149.56K | 183.77K | 399.27K |
| Gross Profit | 6.12M | 5.74M | 3.38M | 1.11M | 709.00K | 640.00K | 357.00K | 154.69K | 87.91K | 590.21K | 433.25K | 93.91K | 197.54K | 404.92K | 542.49K |
| Gross Profit Ratio | 75.11% | 71.92% | 68.12% | 52.49% | 69.92% | 58.77% | 54.67% | 42.21% | 83.17% | 99.11% | 98.89% | 56.87% | 56.91% | 68.78% | 57.60% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 628.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 14.51M | 8.73M | 4.88M | 3.38M | 3.40M | 3.45M | 2.32M | 3.46M | 7.29M | 2.20M | 2.06M | 4.05M | 1.35M | 6.08B | 3.01M |
| Selling & Marketing | 614.06K | 525.53K | 350.32K | 70.00K | 34.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28.64K | 153.00K | 157.16K | -6.07B | 99.90K |
| SG&A | 15.12M | 9.25M | 5.23M | 3.45M | 3.43M | 3.45M | 2.32M | 3.46M | 7.29M | 2.20M | 2.09M | 4.20M | 1.51M | 6.12M | 3.11M |
| Other Expenses | 1.27M | 1.29M | 1.43M | 906.06K | 655.00K | 407.00K | -1.00K | 7.88K | 109.01K | 1.65M | 2.12M | 3.14M | 5.97M | 1.29M | 1.95M |
| Operating Expenses | 16.40M | 10.55M | 6.66M | 4.35M | 4.09M | 3.86M | 2.58M | 3.47M | 7.40M | 3.84M | 4.21M | 7.34M | 7.48M | 7.41M | 5.06M |
| Cost & Expenses | 18.43M | 12.79M | 8.24M | 5.36M | 4.39M | 4.31M | 2.88M | 3.68M | 7.42M | 3.85M | 4.22M | 7.41M | 7.63M | 7.59M | 5.46M |
| Interest Income | 0.00 | 785.41K | 500.88K | 238.82K | 236.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.13K | 10.72K | 2.71K |
| Interest Expense | 2.40M | 785.41K | 500.88K | 238.82K | 236.00K | 232.00K | 2.27M | 1.22M | 1.33M | 640.45K | 550.75K | 710.64K | 224.78K | 205.57K | 157.79K |
| Depreciation & Amortization | 1.27M | 1.29M | 1.43M | 906.06K | 655.00K | -1.33M | 262.00K | 7.88K | 14.18K | 1.17M | 2.07M | 2.06M | 2.01M | 1.29M | 71.89K |
| EBITDA | -11.88M | -3.51M | -1.52M | -2.35M | -2.09M | -4.55M | -1.96M | -3.31M | 3.18M | -6.79M | -2.78M | -4.24M | -4.92M | -5.66M | -5.57M |
| EBITDA Ratio | -145.73% | -50.10% | -61.17% | -112.22% | -275.05% | -417.91% | -300.61% | -903.02% | -6,903.87% | -349.71% | -232.59% | -1,407.56% | -1,404.13% | -994.81% | -472.04% |
| Operating Income | -10.28M | -4.80M | -3.29M | -3.24M | -3.38M | -3.22M | -2.22M | -3.32M | -9.03M | -4.11M | -4.63M | -7.93M | -7.28M | -7.01M | -4.52M |
| Operating Income Ratio | -126.07% | -60.12% | -66.33% | -152.49% | -333.33% | -295.50% | -340.58% | -905.17% | -8,541.32% | -689.36% | -1,057.10% | -4,801.54% | -2,098.19% | -1,190.12% | -479.68% |
| Total Other Income/Expenses | -5.28M | -1.28M | -1.68M | -252.91K | 397.00K | -1.97M | -2.27M | 5.27M | 5.27M | 1.68M | -483.85K | -5.46M | -3.68M | 97.15M | -1.89M |
| Income Before Tax | -15.55M | -6.08M | -4.96M | -3.49M | -2.98M | -5.19M | -4.49M | 1.95M | -7.25M | -4.59M | -4.47M | -10.11M | -7.68M | -6.87M | 0.00 |
| Income Before Tax Ratio | -190.78% | -76.11% | -100.15% | -164.40% | -294.18% | -476.58% | -687.60% | 532.97% | -6,855.22% | -770.61% | -1,020.24% | -6,124.82% | -2,212.34% | -1,166.53% | 0.00% |
| Income Tax Expense | 0.00 | 1.28M | 838.42K | 188.93K | 172.00K | 1.97M | 2.27M | -6.49M | -1.39M | 697.99K | 1.39M | 5.57M | 995.12K | -938.47K | -2.71K |
| Net Income | -15.55M | -7.36M | -5.80M | -3.68M | -3.16M | -7.16M | -4.49M | 1.95M | -7.25M | -4.59M | -5.02M | -10.66M | -8.11M | -6.41M | -4.67M |
| Net Income Ratio | -190.78% | -92.11% | -117.07% | -173.30% | -311.14% | -657.67% | -687.60% | 532.97% | -6,855.22% | -770.61% | -1,145.95% | -6,455.86% | -2,335.50% | -1,089.21% | -496.14% |
| EPS | -2.17 | -1.28 | -1.18 | -1.44 | -1.61 | -4.79 | -5.63 | 3.30 | 98.49 | -531.91 | -531.91 | -1.06K | -4.26K | -4.79K | -6.38K |
| EPS Diluted | -2.17 | -1.28 | -1.18 | -1.44 | -1.61 | -4.79 | -5.63 | 1.69 | 50.51 | -531.91 | -676.55 | -1.06K | -4.26K | -5.05K | -6.38K |
| Weighted Avg Shares Out | 7.35M | 5.77M | 4.92M | 2.56M | 1.96M | 1.50M | 796.85K | 591.74K | 19.83K | 13.38K | 6.78K | 5.47K | 2.72K | 1.61K | 1.01K |
| Weighted Avg Shares Out (Dil) | 7.35M | 5.77M | 4.92M | 2.56M | 1.96M | 1.50M | 796.85K | 1.15M | 38.67K | 13.38K | 6.78K | 5.47K | 2.72K | 1.61K | 1.01K |
The Maryland State Dental Association Expands Endorsement to Include iCoreConnect's Full Platform of Products
iCoreConnect Achieves Robust Revenue Growth in Q3 With Expanding Customer Base
North Dakota Dental Association Endorses iCoreConnects Comprehensive Product Platform
iCoreConnect Announces Expansion of Endorsement With The Arizona Dental Association (AzDA)
Delaware State Dental Society Endorses Five iCoreConnect Products
Periscope Capital Inc.'s Strategic Acquisition of iCoreConnect Inc Shares
iCoreConnect Inc. Announces Strategic Acquisition of Healthcare Circle of Excellence Assets
iCoreConnect Inc. Announces Agreement to Divest MSP Division to T20 in an Asset Sale, Expecting to Deliver Strategic and Financial Advantages for Investors
iCoreConnect Inc. Announces Appointment of Industry Leader Yvonne Hyland to Its Board of Directors
Mississippi Dental Association Expands Partnership With Cloud Software Leader iCoreConnect
Source: https://incomestatements.info
Category: Stock Reports