New Momentum Corp. (NNAX) Gross Margin (2019 - 2024)

New Momentum has reported Gross Margin for 6 years, with the latest figure at 100.0% in Q1 2024.

• On a quarterly basis, Gross Margin rose 10335.0% year-over-year to 100.0% in Q1 2024; TTM through Dec 2024 was 100.0%, a 10061.0% increase from a year earlier, with the FY2024 full-year figure at 100.0%, up 9850.0% from the prior year.
• Gross Margin was 100.0% for Q1 2024 at New Momentum, up from 5.99% in the prior quarter.
• The five-year high for Gross Margin was 100.0% in Q1 2020, with the low at 3.35% in Q1 2023.
• Average Gross Margin over 5 years is 25.57%, with a median of 1.37% recorded in 2022.
• The sharpest annual moves came in 2023 and 2024: Gross Margin sank 10335 bps in 2023, then jumped 10335 bps in 2024.
• Over 5 years, Gross Margin stood at 1.53% in 2020, then sank by 66 bps to 0.51% in 2021, then jumped by 166 bps to 1.37% in 2022, then soared by 339 bps to 5.99% in 2023, then surged by 1569 bps to 100.0% in 2024.
• The last three Gross Margin figures came in at 100.0% (Q1 2024), 5.99% (Q4 2023), and 15.09% (Q3 2023), per Business Quant data.