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
DE
Fiscal year end
December 31
Former names
FG Merger Corp. (to 8/31/2023)
Latest financial report
10-Q - Q3 2024 - Nov 19, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 16.5 % -14.1%
Debt-to-equity 747 %
Return On Equity -1.49K % -1221%
Return On Assets -176 % -661%
Operating Margin -155 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 24.3M shares +172%
Common Stock, Shares, Outstanding 11.8M shares +41.4%
Entity Public Float 85.2M USD +5.84%
Common Stock, Value, Issued 1.18K USD +41.3%
Weighted Average Number of Shares Outstanding, Basic 7.26M shares +25.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 11M USD +39.1%
General and Administrative Expense 23M USD +43.8%
Operating Income (Loss) -17.1M USD -83.8%
Nonoperating Income (Expense) -6.62M USD -306%
Income Tax Expense (Benefit) -54K USD
Net Income (Loss) Attributable to Parent -29.9M USD -167%

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 798K USD +33.6%
Assets, Current 1.45M USD -28.1%
Property, Plant and Equipment, Net 179K USD -10.6%
Operating Lease, Right-of-Use Asset 934K USD -21%
Goodwill 1.48M USD 0%
Assets 14.2M USD -13.3%
Accounts Payable, Current 1.2M USD +1576%
Liabilities, Current 13.1M USD +45.8%
Operating Lease, Liability, Noncurrent 657K USD -34.5%
Liabilities 17.2M USD
Retained Earnings (Accumulated Deficit) -138M USD -28.7%
Stockholders' Equity Attributable to Parent -3.02M USD -147%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.44M USD
Liabilities and Equity 14.2M USD -13.3%

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 +150%
Common Stock, Shares, Issued 11.8M shares +41.4%
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 212K USD -53.6%
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 345K USD +42.1%
Deferred Tax Assets, Operating Loss Carryforwards 63M USD
Preferred Stock, Shares Issued 4.48M shares +23.9%
Deferred Federal Income Tax Expense (Benefit) -163K USD
Preferred Stock, Shares Authorized 40M shares 0%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 135M USD +18.8%
Preferred Stock, Shares Outstanding 4.48M shares +23.9%
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 1.49M USD +478%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%