More dubious accountingNRs have stated for quite awhile that gross margins for SAAS will be 75%, recently reduced to 70%. So why did Q1,Q2,Q3 have much higher margins? And why the volatility from q to q?
Qtr ending | Mar 23 | Dec 22 | Sept 22 |
SAAS rev | 1,804,891 | 1,727,817 | 1,422,671 |
device rev - returns | 2,936,146 | 2,390,707 | 2,049,566 |
Total revenues | 4,741,037 | 4,118,524 | 3,472,237 |
SAAS cost | 153,447 | 413,749 | 142,292 |
device cost | 1,385,863 | 1,142,846 | 1,155,350 |
Total costs | 1,539,310 | 1,556,595 | 1,297,642 |
Gross profit | 3,201,727 | 2,561,929 | 2,174,595 |
SAAS margin | 91.5% | 76.1% | 90.0% |
device margin | 52.8% | 52.2% | 43.6% |
Total margin | 67.5% | 62.2% | 62.6% |