Tuesday, May 24, 2022 4:08:19 PM
Iot: 18.9% profit margin average
Retail (online): 4.95% profit margins
Retail (store): 2.79%
Transportation: 3.88%
Computer services: 3.62%
If itox does half decent, even a 1/4 of what’s acceptable for a start up small business, they’ll outperform most startups significantly…… it’s a gamble I’ll take. If Cliff shows us he’s creating revenue/ getting contracts, or doing business, this can show fast exponential growth.
Iot: “In particular, Cognitive Enterprises (businesses that combine AI with IoT) have achieved substantial gains in profit margins (18.9%) and revenue (18.6%). Their efficiency also increased by 16.9% and productivity by 16.7% on average.”
Vs average small business: “But in general, a healthy profit margin for a small business tends to range anywhere between 7% to 10%. Keep in mind, though, that certain businesses may see lower margins, such as retail or food-related companies. That's because they tend to have higher overhead costs.”
Recent ITOX News
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 03:24:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/01/2023 09:01:13 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 08:26:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/07/2023 08:30:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/29/2023 09:29:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/25/2023 12:30:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2023 03:56:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/18/2023 09:25:36 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 04:17:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2023 08:01:12 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM