iCoreConnect Inc. financial data

Symbol
ICCT on Nasdaq
Industry
Services-Prepackaged Software
Location
529 E. Crown Point Road, Suite 250, Ocoee, Florida
State of incorporation
Delaware
Fiscal year end
December 31
Former names
FG Merger Corp. (to 8/31/2023)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 21.7 % -53.3%
Debt-to-equity -23.7 %
Return On Equity -2.98K % -4838%
Return On Assets -56 % -372%
Operating Margin -126 % -110%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 10.2M shares -0.07%
Common Stock, Shares, Outstanding 10.2M shares +386%
Entity Public Float 85.2M USD +5.84%
Common Stock, Value, Issued 1.02K USD +385%
Weighted Average Number of Shares Outstanding, Basic 7.35M shares +27.4%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 2.72M USD +48%
General and Administrative Expense 17.2M USD +49.1%
Operating Income (Loss) -12M USD -98.1%
Nonoperating Income (Expense) -6.62M USD -306%
Income Tax Expense (Benefit) -54K USD
Net Income (Loss) Attributable to Parent -19.4M USD -153%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.22M USD +522%
Accounts Receivable, after Allowance for Credit Loss, Current 512K USD
Assets, Current 1.37M USD +238%
Property, Plant and Equipment, Net 189K USD
Operating Lease, Right-of-Use Asset 1.06M USD
Goodwill 1.48M USD
Assets 20.5M USD -75.7%
Accounts Payable, Current 1.2M USD +1576%
Liabilities, Current 12.3M USD +1142%
Operating Lease, Liability, Noncurrent 886K USD
Liabilities 14.4M USD +1353%
Retained Earnings (Accumulated Deficit) -120M USD -20508%
Stockholders' Equity Attributable to Parent 6.18M USD
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.44M USD
Liabilities and Equity 20.5M USD -75.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -990K USD +14.1%
Net Cash Provided by (Used in) Financing Activities 1.11M USD -43%
Net Cash Provided by (Used in) Investing Activities -1.2M USD -520%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 10.2M shares +386%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.08M USD -278%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 138K USD -82.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 18.8K USD -97.3%
Deferred Tax Assets, Valuation Allowance 21.9M USD +41.9%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 22.1M USD +43.7%
Operating Lease, Liability 289K USD
Depreciation 13.5K USD +136%
Payments to Acquire Property, Plant, and Equipment 0 USD -100%
Property, Plant and Equipment, Gross 282K USD +82.8%
Operating Lease, Liability, Current 241K USD
Deferred Tax Assets, Operating Loss Carryforwards 63M USD
Preferred Stock, Shares Issued 4.38M shares
Deferred Federal Income Tax Expense (Benefit) -163K USD
Preferred Stock, Shares Authorized 40M shares 0%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 126M USD
Preferred Stock, Shares Outstanding 4.38M shares
Current Federal Tax Expense (Benefit) 211K USD
Amortization of Intangible Assets 719K USD +154%
Deferred Tax Assets, Net of Valuation Allowance 273K USD
Interest Expense 226K USD -12.2%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%