ICCT
Income statement / Annual
Last year (2023), iCoreConnect Inc.'s total revenue was $8.15 M,
an increase of 2.05% from the previous year.
In 2023, iCoreConnect Inc.'s net income was -$15.55 M.
See iCoreConnect Inc.,s key income statements, including revenue, expenses, profit, and income.
Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2014
|
FY-2013
|
FY-2012
|
Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
06/30/2017 |
06/30/2014 |
06/30/2013 |
06/30/2012 |
Operating Revenue |
$8.15 M |
$7.99 M |
$4.96 M |
$2.12 M |
$1.01 M |
$1.09 M |
$653,000.00 |
$366,447.00 |
$105,692.00 |
$595,506.00 |
Cost of Revenue |
$2.03 M
|
$2.24 M
|
$1.58 M
|
$1.01 M
|
$305,000.00
|
$449,000.00
|
$296,000.00
|
$211,758.00
|
$17,787.00
|
$5,296.00
|
Gross Profit |
$6.12 M
|
$5.74 M
|
$3.38 M
|
$1.11 M
|
$709,000.00
|
$640,000.00
|
$357,000.00
|
$154,689.00
|
$87,905.00
|
$590,210.00
|
Gross Profit Ratio |
0.75
|
0.72
|
0.68
|
0.52
|
0.7
|
0.59
|
0.55
|
0.42
|
0.83
|
0.99
|
Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$628,000.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
General & Administrative Expenses |
$14.51 M
|
$8.73 M
|
$4.88 M
|
$3.38 M
|
$3.40 M
|
$3.45 M
|
$2.32 M
|
$3.46 M
|
$7.29 M
|
$2.20 M
|
Selling & Marketing Expenses |
$614,061.00
|
$525,533.00
|
$350,318.00
|
$70,000.00
|
$34,000.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
Selling, General & Administrative Expenses |
$15.12 M
|
$9.25 M
|
$5.23 M
|
$3.45 M
|
$3.43 M
|
$3.45 M
|
$2.32 M
|
$3.46 M
|
$7.29 M
|
$2.20 M
|
Other Expenses |
$1.27 M
|
$1.29 M
|
$1.43 M
|
$906,060.00
|
$655,000.00
|
$407,000.00
|
-$1,000.00
|
$7,875.00
|
$109,011.00
|
$1.65 M
|
Operating Expenses |
$16.40 M
|
$10.55 M
|
$6.66 M
|
$4.35 M
|
$4.09 M
|
$3.86 M
|
$2.58 M
|
$3.47 M
|
$7.40 M
|
$3.84 M
|
Cost And Expenses |
$18.43 M
|
$12.79 M
|
$8.24 M
|
$5.36 M
|
$4.39 M
|
$4.31 M
|
$2.88 M
|
$3.68 M
|
$7.42 M
|
$3.85 M
|
Interest Income |
$0.00
|
$785,406.00
|
$500,878.00
|
$238,820.00
|
$236,000.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
Interest Expense |
$2.40 M
|
$785,406.00
|
$500,878.00
|
$238,820.00
|
$236,000.00
|
$232,000.00
|
$2.27 M
|
$1.22 M
|
$1.33 M
|
$640,445.00
|
Depreciation & Amortization |
$1.27 M
|
$1.29 M
|
$1.43 M
|
$906,060.00
|
$655,000.00
|
-$1.33 M
|
$262,000.00
|
$7,876.00
|
$14,179.00
|
$1.17 M
|
EBITDA |
-$11.88 M |
-$3.51 M |
-$1.52 M |
-$2.35 M |
-$2.09 M |
-$4.55 M |
-$1.96 M |
-$3.31 M |
$3.18 M |
-$6.79 M |
EBITDA Ratio |
-1.46
|
-0.5
|
-0.61
|
-1.12
|
-2.75
|
-4.18
|
-3.01
|
-9.03
|
-69.04
|
-3.5
|
Operating Income Ratio |
-1.26
|
-0.6
|
-0.66
|
-1.52
|
-3.33
|
-2.96
|
-3.41
|
-9.05
|
-85.41
|
-6.89
|
Total Other Income/Expenses Net |
-$5.28 M
|
-$1.28 M
|
-$1.68 M
|
-$252,911.00
|
$397,000.00
|
-$1.97 M
|
-$2.27 M
|
$5.27 M
|
$5.27 M
|
$1.68 M
|
Income Before Tax |
-$15.55 M
|
-$6.08 M
|
-$4.96 M
|
-$3.49 M
|
-$2.98 M
|
-$5.19 M
|
-$4.49 M
|
$1.95 M
|
-$7.25 M
|
-$4.59 M
|
Income Before Tax Ratio |
-1.91
|
-0.76
|
-1
|
-1.64
|
-2.94
|
-4.77
|
-6.88
|
5.33
|
-68.55
|
-7.71
|
Income Tax Expense |
$0.00
|
$1.28 M
|
$838,422.00
|
$188,930.00
|
$172,000.00
|
$1.97 M
|
$2.27 M
|
-$6.49 M
|
-$1.39 M
|
$697,985.00
|
Net Income |
-$15.55 M
|
-$7.36 M
|
-$5.80 M
|
-$3.68 M
|
-$3.16 M
|
-$7.16 M
|
-$4.49 M
|
$1.95 M
|
-$7.25 M
|
-$4.59 M
|
Net Income Ratio |
-1.91
|
-0.92
|
-1.17
|
-1.73
|
-3.11
|
-6.58
|
-6.88
|
5.33
|
-68.55
|
-7.71
|
EPS |
-2.17 |
-1.28 |
-1.18 |
-1.44 |
-1.61 |
-4.79 |
-5.63 |
3.3 |
98.49 |
-531.91 |
EPS Diluted |
-2.17 |
-1.28 |
-1.18 |
-1.44 |
-1.61 |
-4.79 |
-5.63 |
1.69 |
50.51 |
-531.91 |
Weighted Average Shares Out |
$7.35 M
|
$5.77 M
|
$4.92 M
|
$2.56 M
|
$1.96 M
|
$1.50 M
|
$796,845.00
|
$591,742.00
|
$19,830.00
|
$13,379.00
|
Weighted Average Shares Out Diluted |
$7.35 M
|
$5.77 M
|
$4.92 M
|
$2.56 M
|
$1.96 M
|
$1.50 M
|
$796,845.00
|
$1.15 M
|
$38,669.00
|
$13,379.00
|
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