iCoreConnect Inc.
ICCT Healthcare Health Information Services
iCoreConnect Inc.’s revenue for fiscal 2024 (year ended December 2024) was $10.7 million, up 31.8% from fiscal 2023. In the quarter to December 2024, revenue fell 12.4%, EPS grew 92.5% and free cash flow grew 91.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | |
|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
0.20 | 1.22 | 0.20 | 0.07 | 0.01 | 0.45 | 0.00 |
Receivables |
0.81 | 0.56 | 0.41 | 0.63 | 0.13 | 0.10 | 0.22 |
Other current assets |
— | — | — | — | 0.02 | 0.01 | 0.01 |
Total current assets |
1.18 | 3.51 | 1.09 | 1.01 | 0.15 | 0.55 | 0.23 |
Property, Plant, Equpment (Net) |
0.17 | 0.20 | 0.07 | 0.19 | 0.52 | 0.06 | 0.01 |
Software (Capitalized) |
1.68 | 0.90 | 0.53 | — | — | — | — |
Goodwill and Intangible Assets (Total) |
1.49 | 1.49 | 1.49 | 5.43 | 2.01 | 1.91 | 1.49 |
Long-term assets (Other) |
0.30 | 8.47 | 2.43 | — | — | — | — |
Total non-current assets |
4.51 | 12.18 | 5.46 | — | — | — | — |
Total Assets |
5.69 | 15.69 | 6.56 | — | 2.69 | 2.52 | 1.74 |
Notes Payable |
5.93 | 5.27 | 4.28 | — | — | — | — |
Accounts Payable |
4.77 | 3.24 | 2.34 | 0.00 | 1.66 | 1.00 | 0.66 |
Current Part of Debt |
— | — | — | — | 1.52 | 0.94 | 1.86 |
Current Revenue (Deferred) |
0.14 | 0.12 | 0.01 | — | — | — | — |
Other current liabilities |
— | — | — | — | 0.00 | — | — |
Total current liabilities |
12.43 | 8.88 | 6.80 | 0.00 | 3.19 | 1.94 | 2.52 |
Long Term Debt (Total) |
1.98 | 1.42 | 1.45 | 1.57 | 0.06 | 0.01 | 0.06 |
Non-current Revenue (Deferred) |
— | — | — | — | 0.07 | 0.11 | 0.12 |
Non-current Liabilities (Other) |
0.43 | — | 83.69 | — | — | — | — |
Total non-current liabilities |
3.05 | 2.37 | 2.26 | — | — | — | — |
Total liabilities |
15.49 | 11.24 | 9.06 | 0.00 | 3.32 | 2.06 | 2.69 |
Additional Paid In Capital |
138.45 | 119.48 | 80.36 | — | — | — | — |
Preferred Stock (Total) |
0.00 | 0.00 | — | — | — | — | — |
Common Stock (Net) |
0.00 | 0.00 | 0.00 | 0.17 | 0.09 | 0.07 | 0.05 |
Retained Earnings |
(148.24) | (115.04) | (82.86) | 0.00 | (77.83) | (74.34) | (71.34) |
Common Equity (Total) |
(9.80) | 4.44 | (2.50) | 0.00 | (0.63) | 0.47 | (0.96) |
Shareholders Equity (Total) |
(9.79) | 4.44 | (2.50) | 0.00 | (0.63) | 0.47 | (0.96) |
Shareholders Equity and Liabilities (Total) |
5.69 | 15.69 | 6.56 | — | — | — | — |
Shares (Common) |
2.07 | 0.50 | 0.30 | — | — | — | — |
Shares (Preferred) |
0.82 | 3.76 | — | — | — | — | — |
Shareholders Equity (Tangible) |
(11.28) | 2.96 | (3.99) | 0.00 | — | — | — |
Net Debt |
1.78 | 0.20 | 1.25 | 1.50 | 1.57 | 0.50 | 1.91 |
Total Debt |
1.98 | 1.42 | 1.45 | 1.57 | 1.58 | 0.95 | 1.91 |