New Momentum Corp. (NNAX) Gross Margin (2019 - 2024)
New Momentum (NNAX) posted quarterly Gross Margin of 100.0% for Q1 2024, up 10335.0% year-over-year from N/an in Q2 2023, and up 1569.33% quarter-over-quarter from 5.99% in Q4 2023.
New Momentum Corp. (NNAX) Gross Margin (2019 - 2024) Analysis & Trends
New Momentum's Gross Margin history runs 6 years deep, the most recent figure standing at 100.0% for Q1 2024.
- In Q1 2024, Gross Margin rose 10335.0% year-over-year to 100.0%; the TTM figure through Dec 2024 stood at 100.0% (up 10061.0% YoY), while the FY2024 annual figure was 100.0%, up 9850.0% from the prior year.
- Gross Margin for Q1 2024 stood at 100.0%, 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.
- The 5-year median for Gross Margin is 1.37% (2022), against an average of 25.57%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin sank 10335 bps in 2023, then surged 10335 bps in 2024.
- New Momentum's Gross Margin stood at 1.53% in 2020, then sank by 66 bps to 0.51% in 2021, then surged by 166 bps to 1.37% in 2022, then jumped by 339 bps to 5.99% in 2023, then soared by 1569 bps to 100.0% in 2024.
- Business Quant data shows NNAX's Gross Margin at 100.0% in Q1 2024, 5.99% in Q4 2023, and 15.09% in Q3 2023.
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Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 100.00% |
| Dec 31, 2023 | 5.99% |
| Sep 30, 2023 | 15.09% |
| Jun 30, 2023 | 0.43% |
| Mar 31, 2023 | -3.35% |
| Dec 31, 2022 | 1.37% |
| Sep 30, 2022 | 0.38% |
| Jun 30, 2022 | 0.39% |
| Mar 31, 2022 | 100.00% |
| Dec 31, 2021 | 0.51% |
| Sep 30, 2021 | 0.46% |
| Jun 30, 2021 | 0.37% |
| Mar 31, 2021 | 0.33% |
| Dec 31, 2020 | 1.53% |
| Sep 30, 2020 | 11.21% |
| Jun 30, 2020 | 100.00% |
| Mar 31, 2020 | 100.00% |
| Dec 31, 2019 | 100.00% |
| Sep 30, 2019 | 100.00% |