ICCT · Icoreconnect Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $2.79M | $3.09M | $2.72M | - | $2.00M | - | - | - | - |
| Cost of Revenue | - | $827.0K | $484.0K | $513.1K | - | $517.9K | - | - | - | - |
| Gross Profit | - | $1.96M | $1.37M | $2.21M | - | $1.49M | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $3.35M | $9.19M | $4.52M | - | $3.59M | $774.5K | $842.9K | - | $95.1K |
| Total Operating Expenses | - | $4.16M | $3.48M | $5.25M | - | $3.91M | - | - | - | - |
| D&A | - | $806.5K | $781.9K | $732.6K | - | $286.6K | - | - | - | - |
| Operating Income | - | ($2.20M) | ($7.49M) | ($3.04M) | - | ($2.42M) | ($774.5K) | ($842.9K) | - | ($95.1K) |
| Interest Expense | - | $223.1K | $270.8K | $226.5K | - | $216.5K | - | - | - | - |
| Income Tax | - | - | - | ($54.0K) | - | - | - | $185.8K | - | - |
| Net Income | - | ($5.99M) | ($10.90M) | ($5.17M) | - | ($3.91M) | $16.5K | ($143.8K) | - | $277.3K |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $202.2K | $212.3K | $247.2K | $138.0K | $1.22M | $457.4K | $6.3K | $229.2K | $521.9K | $772.1K |
| Accounts Receivable | $814.1K | $798.3K | $703.8K | $512.1K | $563.9K | $414.8K | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | $1.20M | $802.3K | $300.0K | $71.5K |
| Current Assets | $1.18M | $1.45M | $1.44M | $1.37M | $3.51M | $2.02M | $133.8K | $405.0K | $745.6K | $1.05M |
| Total Assets | $5.69M | $14.22M | $17.43M | $20.54M | $15.69M | $16.40M | $85.88M | $84.60M | $84.44M | $84.04M |
| Current Liabilities | $12.43M | $13.12M | $12.94M | $12.28M | $8.88M | $9.00M | $2.25M | $988.1K | $684.9K | $71.5K |
| Long-term Debt | $1.82M | $3.14M | $2.94M | $1.20M | $1.42M | $0 | - | - | - | - |
| Total Liabilities | $15.49M | $17.24M | $17.02M | $14.36M | $11.24M | - | $2.25M | $988.1K | $684.9K | $71.5K |
| Stockholders' Equity | ($9.79M) | ($3.02M) | $410.6K | $6.18M | $4.44M | $6.40M | ($2.12M) | ($583.1K) | $60.6K | $974.8K |
| Retained Earnings | ($148.24M) | ($138.21M) | ($131.55M) | ($120.21M) | ($115.04M) | ($107.43M) | ($2.12M) | ($583.3K) | ($129.1K) | $87.2K |
Cash Flow
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($990.0K) | - | - | - | $207.3K | - | - |
| Investing Cash Flow | - | - | - | ($1.20M) | - | - | - | ($500.0K) | - | - |
| Financing Cash Flow | - | - | - | $1.11M | - | - | - | - | - | - |
| CapEx | - | - | - | $0 | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | ($990.0K) | - | - | - | - | - | - |
Ratios
| Metric | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 70.3% | 44.4% | 81.2% | - | 74.2% | - | - | - | - |
| Operating margin | - | -78.9% | -242.5% | -111.7% | - | -120.9% | - | - | - | - |
| EBITDA margin | - | -50.0% | -217.2% | -84.8% | - | -106.6% | - | - | - | - |
| Net margin | - | -214.9% | -352.8% | -189.9% | - | -195.0% | - | - | - | - |
| Free cash flow margin | - | - | - | -36.4% | - | - | - | - | - | - |
| FCF / Net income | - | - | - | 0.19 | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 120.3% | 297.5% | 166.0% | - | 179.0% | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | 441.6% | - | - |
| Return on assets | - | -42.1% | -62.5% | -25.2% | - | -23.8% | 0.0% | -0.2% | - | 0.3% |
| Return on equity | - | 198.3% | -2653.2% | -83.7% | - | -61.1% | -0.8% | 24.7% | - | 28.4% |
| Return on invested capital | - | - | - | -32.6% | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.10 | 0.11 | 0.11 | 0.11 | 0.40 | 0.22 | 0.06 | 0.41 | 1.09 | 14.64 |
| Quick ratio | 0.10 | 0.11 | 0.11 | 0.11 | 0.40 | 0.22 | 0.06 | 0.41 | 1.09 | 14.64 |
| Cash ratio | 0.02 | 0.02 | 0.02 | 0.01 | 0.14 | 0.05 | 0.00 | 0.23 | 0.76 | 10.80 |
| Leverage | ||||||||||
| Debt / Equity | -0.19 | -1.04 | 7.17 | 0.19 | 0.32 | 0.00 | - | - | - | - |
| Debt / Assets | 0.32 | 0.22 | 0.17 | 0.06 | 0.09 | 0.00 | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -9.9x | -27.7x | -13.4x | - | -11.2x | - | - | - | - |
| Equity multiplier | -0.58 | -4.71 | 42.45 | 3.32 | 3.53 | 2.56 | -40.51 | -145.09 | 1392.73 | 86.21 |
| Liabilities / Assets | 2.72 | 1.21 | 0.98 | 0.70 | 0.72 | - | 0.03 | 0.01 | 0.01 | 0.00 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.20 | 0.18 | 0.13 | - | 0.12 | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 105d | 83d | 69d | - | 76d | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 39.1% | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | 31.9% | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | 9.2% | -866.8% | -260.9% | - | -2447.1% | -313.1% | -659.0% | - | - |
| Net income growth (YoY) | - | -53.2% | - | -3497.1% | - | - | - | -50.8% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | 7230.1% | 557.0% | - | -17720.6% | - | - |
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing iCoreConnect Inc. against the 5 most active filers in the same SIC group.