iCoreConnect Inc. financial data

Symbol
ICCT on Nasdaq
Industry
Services-Prepackaged Software
Location
529 E. Crown Point Road, Suite 250, Ocoee, FL
State of incorporation
Delaware
Fiscal year end
December 31
Former names
FG Merger Corp. (to 8/31/2023)
Latest financial report
10-Q - Q2 2024 - Aug 16, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 19.4 % -26.9%
Debt-to-equity -23.7 %
Return On Equity -633 % -1028%
Return On Assets -158 % -1056%
Operating Margin -169 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 10.4M shares
Common Stock, Shares, Outstanding 10.4M shares +394%
Entity Public Float 85.2M USD +5.84%
Common Stock, Value, Issued 1.04K USD +393%
Weighted Average Number of Shares Outstanding, Basic 7.26M shares +25.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 10.3M USD +66.4%
General and Administrative Expense 23.2M USD +59.6%
Operating Income (Loss) -17.3M USD -118%
Nonoperating Income (Expense) -6.62M USD -306%
Income Tax Expense (Benefit) -54K USD
Net Income (Loss) Attributable to Parent -27.6M USD -210%

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 704K USD
Assets, Current 1.44M USD +979%
Property, Plant and Equipment, Net 184K USD
Operating Lease, Right-of-Use Asset 996K USD
Goodwill 1.48M USD
Assets 17.4M USD -79.7%
Accounts Payable, Current 1.2M USD +1576%
Liabilities, Current 12.9M USD +474%
Operating Lease, Liability, Noncurrent 824K USD
Liabilities 17M USD +655%
Retained Earnings (Accumulated Deficit) -132M USD -6105%
Stockholders' Equity Attributable to Parent 411K USD
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.44M USD
Liabilities and Equity 17.4M USD -79.7%

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 250M shares -37.5%
Common Stock, Shares, Issued 10.4M shares +394%
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 247K USD +260%
Deferred Tax Assets, Valuation Allowance 21.9M USD +41.9%
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 239K 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 132M 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 1.31M USD +85.3%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%