RE:RE:RE:RE:RE:RE:New Press Release - Gatekeeper Reports $9.9M Revenue and $1.6M Net Income in Fiscal Q2 2024margins are very good
Gross margin for the three months and six months ended February 29, 2024 was $5,087,631 and $9,865,676, respectively, compared to $4,545,579 and $6,091,697 for the same prior year comparable periods, representing an increase in gross margin of 12% and 62%, respectively. Gross margin as a percentage of revenue for the three and six months ended February 29, 2024 was 52% and 50%, respectively, compared to 47% and 42% for the same prior year comparable periods. The cost of sales comprises primarily materials and components, manufacturing labour, inventory write-off, warranty expenses, freight and shipping, and other selling costs.