icad inc. Gross Margin

Gross Margin of ICAD for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Margin growth rates and interactive chart. Gross profit margin shows the percentage of revenue that exceeds a company's costs of goods sold. It illustrates how well a company is generating revenue from the costs involved in producing their products and services. The higher the margin, the more effective the company's management is in generating revenue for each dollar of cost. Gross profit margin is calculated by subtracting the cost of goods sold from total revenue for the period and dividing that number by revenue. If a company has $200 million in revenue and $80 million in cost of goods sold, the gross margin is 60%.

Highlights and Quick Summary

  • Gross Margin for the quarter ending September 29, 2020 was 70.49% (a -9.93% decrease compared to previous quarter)
  • Year-over-year quarterly Gross Margin decreased by -7.71%
  • Annual Gross Margin for 2019 was 77.3% (a 1.93% increase from previous year)
  • Annual Gross Margin for 2018 was 75.84% (a 17.25% increase from previous year)
  • Annual Gross Margin for 2017 was 64.68% (a -8.01% decrease from previous year)
  • Twelve month Gross Margin ending September 29, 2020 was 73.55% (a -2.25% decrease compared to previous quarter)
  • Twelve month trailing Gross Margin decreased by -4.85% year-over-year
Trailing Gross Margin for the last four month:
29 Sep '20 29 Jun '20 30 Mar '20 30 Dec '19
73.55% 75.24% 75.37% 77.3%
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Historical Gross Margin of icad inc.

Most recent Gross Marginof ICAD including historical data for past 10 years.

Interactive Chart of Gross Margin of icad inc.

icad inc. Gross Margin for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 70.49% 78.26% 68.84%
2019 76.38% 77.05% 78.13% 77.99% 77.3%
2018 77.8% 76.52% 77.64% 71.25% 75.84%
2017 54.94% 66.33% 70.26% 69.05% 64.68%
2016 65.37% 68.32% 77.38% 69.33% 70.31%
2015 69.51% 71.19% 70.7% 70.82% 70.63%
2014 70.61% 72.92% 70.65% 69.65% 71.09%
2013 68.85% 71.48% 67.71% 71.22% 69.81%
2012 71.03% 71.88% 70.29% 69.79% 70.84%
2011 68.11% 73.14% 67.77% 69.88% 69.9%
2010 79.27% 79.75% 81.17% 80.34% 80.13%

Business Profile of icad inc.

Sector: Healthcare
Industry: Health Information Services
iCAD, Inc. provides image analysis, workflow solutions, and radiation therapy for the treatment of cancer in the United States. It operates through two segments, Cancer Detection and Cancer Therapy. The company offers PowerLook platform, which hosts the AI algorithm solutions and manages the communications between imaging acquisition systems, and image storage and review systems; SecondLook, a machine learning-based cancer detection algorithm that analyzes 2D full-field digital mammography images to identify and mark suspicious masses and calcifications; and automated density assessment solutions, which offers automated, consistent, and standardized reporting tool used for mammogram. It also provides ProFound AI, a deep-learning algorithm designed to detect malignant soft-tissue densities and calcifications in digital breast tomosynthesis; ProFound Panorama, a prototype software product for determining risk factors in interval cancers; and magnetic resonance imaging applications, a tool to detect breast and prostate cancer. In addition, the company offers VeraLook, a solution designed to support the detection of colonic polyps in conjunction with CT Colonography. Further, it provides Xoft Axxent electronic brachytherapy systems for the treatment of early stage breast, non-melanoma skin, and gynecological cancers to university research and community hospitals, cancer care clinics, veterinary facilities, and dermatology offices. It serves healthcare centers through direct sales organizations, as well as through various original equipment manufacturer partners, distributors, and resellers. The company also exports its products in Europe, Taiwan, Canada, China, and internationally. The company was formerly known as Howtek, Inc. and changed its name to iCAD, Inc. in June 2002. iCAD, Inc. was founded in 1984 and is headquartered in Nashua, New Hampshire.