Icad Cost of Revenue vs Net Income Analysis

ICAD Stock

USD 1.63 0.06 3.55%

Icad financial indicator trend analysis is infinitely more than just investigating icad inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether icad inc is a good investment. Please check the relationship between Icad Cost Of Revenue and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in icad inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Cost Of Revenue vs Net Income

Cost of Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of icad inc Cost of Revenue account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Icad's Cost of Revenue and Net Income is -0.26. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of icad inc, assuming nothing else is changed. The correlation between historical values of Icad's Cost of Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost of Revenue of icad inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost of Revenue i.e., Icad's Cost of Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

-0.26

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cost Of Revenue

Cost of Revenue is found on icad inc income statement and represents the costs associated with goods and services Icad provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in icad inc financial statement analysis. It represents the amount of money remaining after all of icad inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Icad's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into icad inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in icad inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 9.6 M, whereas Tax Provision is projected to grow to (97.8 K).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	35.0M	33.7M	22.2M	20.0M
Cost Of Revenue	9.4M	8.1M	2.8M	2.6M

Total Operating Expenses Cost Of Revenue

Icad fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.26	0.28	0.75	0.87	0.6	-0.44	-0.18	0.7	0.74	0.15	0.7	0.55	0.22	0.07	0.16	0.19	0.34	0.45	0.47	0.69	0.57	0.48	0.08	0.12	0.11
Short Long Term Debt Total	0.26		0.36	0.61	-0.19	0.04	0.64	0.22	-0.16	0.42	-0.07	-0.16	0.21	-0.34	0.84	-0.26	-0.17	-0.27	0.85	-0.26	-0.07	0.52	0.88	0.16	0.09	0.07
Other Current Liab	0.28	0.36		0.71	0.04	0.17	0.08	-0.1	0.18	0.06	0.03	0.18	0.57	0.03	0.2	0.26	0.36	0.08	0.49	0.12	0.35	0.04	0.19	0.32	0.0	-0.03
Total Current Liabilities	0.75	0.61	0.71		0.39	0.37	0.06	-0.11	0.4	0.55	-0.07	0.4	0.69	0.03	0.45	0.2	0.22	0.16	0.82	0.18	0.52	0.46	0.61	0.14	-0.09	-0.12
Total Stockholder Equity	0.87	-0.19	0.04	0.39		0.59	-0.76	-0.28	0.72	0.57	0.2	0.72	0.38	0.39	-0.41	0.24	0.24	0.47	-0.06	0.6	0.67	0.38	0.11	-0.01	0.31	0.32
Property Plant And Equipment Net	0.6	0.04	0.17	0.37	0.59		-0.43	-0.27	0.58	0.27	-0.04	0.58	0.51	0.35	-0.08	0.41	0.32	0.35	0.15	0.66	0.6	0.11	0.2	0.15	0.15	0.15
Net Debt	-0.44	0.64	0.08	0.06	-0.76	-0.43		0.56	-0.8	0.05	-0.36	-0.8	-0.35	-0.69	0.72	-0.3	-0.5	-0.68	0.48	-0.72	-0.7	0.26	0.47	0.04	-0.23	-0.25
Retained Earnings	-0.18	0.22	-0.1	-0.11	-0.28	-0.27	0.56		-0.63	0.32	-0.09	-0.63	-0.62	-0.98	0.36	-0.17	-0.66	-0.97	0.14	-0.46	-0.61	0.57	0.41	0.5	-0.18	-0.2
Cash	0.7	-0.16	0.18	0.4	0.72	0.58	-0.8	-0.63		0.1	0.34	1.0	0.7	0.7	-0.21	0.2	0.56	0.72	0.1	0.73	0.93	-0.13	-0.08	-0.01	0.0	0.01
Non Current Assets Total	0.74	0.42	0.06	0.55	0.57	0.27	0.05	0.32	0.1		-0.04	0.1	-0.02	-0.28	0.22	-0.21	-0.41	-0.14	0.45	-0.06	0.02	0.93	0.71	-0.01	0.18	0.16
Non Currrent Assets Other	0.15	-0.07	0.03	-0.07	0.2	-0.04	-0.36	-0.09	0.34	-0.04		0.34	0.03	0.16	-0.05	-0.09	0.21	0.11	-0.07	0.18	0.26	-0.02	-0.12	0.43	0.24	0.25
Cash And Short Term Investments	0.7	-0.16	0.18	0.4	0.72	0.58	-0.8	-0.63	1.0	0.1	0.34		0.7	0.7	-0.21	0.2	0.56	0.72	0.1	0.73	0.93	-0.13	-0.08	-0.01	0.0	0.01
Net Receivables	0.55	0.21	0.57	0.69	0.38	0.51	-0.35	-0.62	0.7	-0.02	0.03	0.7		0.56	0.09	0.35	0.62	0.61	0.42	0.47	0.84	-0.17	0.09	-0.01	-0.07	-0.07
Common Stock Shares Outstanding	0.22	-0.34	0.03	0.03	0.39	0.35	-0.69	-0.98	0.7	-0.28	0.16	0.7	0.56		-0.46	0.17	0.64	0.98	-0.24	0.55	0.63	-0.56	-0.45	-0.46	0.21	0.24
Non Current Liabilities Total	0.07	0.84	0.2	0.45	-0.41	-0.08	0.72	0.36	-0.21	0.22	-0.05	-0.21	0.09	-0.46		-0.27	-0.24	-0.43	0.88	-0.34	-0.14	0.36	0.7	0.23	-0.4	-0.42
Inventory	0.16	-0.26	0.26	0.2	0.24	0.41	-0.3	-0.17	0.2	-0.21	-0.09	0.2	0.35	0.17	-0.27		0.68	0.16	-0.11	0.56	0.46	-0.21	-0.23	0.4	0.04	0.01
Other Current Assets	0.19	-0.17	0.36	0.22	0.24	0.32	-0.5	-0.66	0.56	-0.41	0.21	0.56	0.62	0.64	-0.24	0.68		0.61	-0.06	0.75	0.72	-0.49	-0.32	0.23	0.18	0.16
Other Stockholder Equity	0.34	-0.27	0.08	0.16	0.47	0.35	-0.68	-0.97	0.72	-0.14	0.11	0.72	0.61	0.98	-0.43	0.16	0.61		-0.16	0.51	0.66	-0.44	-0.36	-0.51	0.22	0.24
Total Liab	0.45	0.85	0.49	0.82	-0.06	0.15	0.48	0.14	0.1	0.45	-0.07	0.1	0.42	-0.24	0.88	-0.11	-0.06	-0.16		-0.13	0.18	0.47	0.77	0.18	-0.31	-0.34
Property Plant And Equipment Gross	0.47	-0.26	0.12	0.18	0.6	0.66	-0.72	-0.46	0.73	-0.06	0.18	0.73	0.47	0.55	-0.34	0.56	0.75	0.51	-0.13		0.77	-0.17	-0.11	0.26	0.21	0.22
Total Current Assets	0.69	-0.07	0.35	0.52	0.67	0.6	-0.7	-0.61	0.93	0.02	0.26	0.93	0.84	0.63	-0.14	0.46	0.72	0.66	0.18	0.77		-0.15	-0.04	0.14	-0.01	0.0
Intangible Assets	0.57	0.52	0.04	0.46	0.38	0.11	0.26	0.57	-0.13	0.93	-0.02	-0.13	-0.17	-0.56	0.36	-0.21	-0.49	-0.44	0.47	-0.17	-0.15		0.79	0.19	0.16	0.14
Short Term Debt	0.48	0.88	0.19	0.61	0.11	0.2	0.47	0.41	-0.08	0.71	-0.12	-0.08	0.09	-0.45	0.7	-0.23	-0.32	-0.36	0.77	-0.11	-0.04	0.79		0.22	0.12	0.1
Accounts Payable	0.08	0.16	0.32	0.14	-0.01	0.15	0.04	0.5	-0.01	-0.01	0.43	-0.01	-0.01	-0.46	0.23	0.4	0.23	-0.51	0.18	0.26	0.14	0.19	0.22		0.03	0.0
Common Stock Total Equity	0.12	0.09	0.0	-0.09	0.31	0.15	-0.23	-0.18	0.0	0.18	0.24	0.0	-0.07	0.21	-0.4	0.04	0.18	0.22	-0.31	0.21	-0.01	0.16	0.12	0.03		1.0
Common Stock	0.11	0.07	-0.03	-0.12	0.32	0.15	-0.25	-0.2	0.01	0.16	0.25	0.01	-0.07	0.24	-0.42	0.01	0.16	0.24	-0.34	0.22	0.0	0.14	0.1	0.0	1.0

Click cells to compare fundamentals

Icad Account Relationship Matchups

Icad fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	41.7M	55.6M	62.2M	51.7M	41.4M	43.2M
Short Long Term Debt Total	22.5M	8.8M	1.2M	3.4M	461K	438.0K
Other Current Liab	6.6M	7.0M	5.6M	4.7M	2.4M	3.2M
Total Current Liabilities	18.8M	16.8M	15.0M	13.5M	6.7M	9.3M
Total Stockholder Equity	5.1M	30.5M	46.5M	34.9M	33.4M	28.7M
Property Plant And Equipment Net	3.0M	2.5M	1.9M	4.4M	2.3M	2.1M
Net Debt	7.2M	(18.4M)	(33.1M)	(17.9M)	(21.2M)	(20.1M)
Retained Earnings	(224.3M)	(241.9M)	(253.2M)	(266.8M)	(271.7M)	(258.1M)
Cash	15.3M	27.2M	34.3M	21.3M	21.7M	22.8M
Non Current Assets Total	12.6M	13.3M	11.9M	13.5M	11.7M	23.3M
Non Currrent Assets Other	50K	1.5M	899K	54K	692.0K	416.7K
Cash And Short Term Investments	15.3M	27.2M	34.3M	21.3M	21.7M	22.8M
Net Receivables	9.8M	10.0M	8.9M	8.9M	6.4M	5.7M
Common Stock Shares Outstanding	18.4M	22.1M	24.8M	25.2M	25.6M	26.9M
Liabilities And Stockholders Equity	41.7M	55.6M	62.2M	51.7M	41.4M	43.2M
Non Current Liabilities Total	17.8M	8.3M	712K	3.4M	1.3M	1.2M
Inventory	2.6M	3.1M	4.2M	5.4M	917K	871.2K
Other Current Assets	1.5M	1.9M	3.0M	2.6M	699K	681.0K
Other Stockholder Equity	229.2M	272.2M	299.4M	301.5M	304.8M	320.1M
Total Liab	36.7M	25.1M	15.7M	16.8M	8.0M	14.5M
Property Plant And Equipment Gross	3.0M	2.5M	8.0M	6.6M	3.3M	2.3M
Total Current Assets	29.2M	42.3M	50.3M	38.2M	29.7M	19.9M
Intangible Assets	1.2M	889K	683K	482K	148K	140.6K
Short Term Debt	5.0M	726K	889K	582K	188K	178.6K
Accounts Payable	2.0M	2.9M	2.8M	2.0M	712K	676.4K
Common Stock Total Equity	171K	196K	236K	253K	227.7K	216.1K
Common Stock	196K	236K	253K	254K	265K	215.4K
Other Assets	50K	3.3M	899K	185K	1.0	0.95
Long Term Debt	5.1M	4.3M	2.0M	7.0M	8.0M	4.3M
Property Plant Equipment	551K	2.5M	1.9M	4.4M	5.1M	5.4M
Current Deferred Revenue	5.2M	6.1M	5.7M	6.2M	3.4M	4.6M
Other Liab	361K	359K	271K	446K	401.4K	381.3K
Net Tangible Assets	(4.5M)	21.3M	37.5M	26.1M	23.5M	16.2M
Retained Earnings Total Equity	(201.9M)	(210.8M)	(224.3M)	(253.2M)	(227.9M)	(216.5M)
Capital Surpluse	217.4M	218.9M	230.6M	300.9M	346.0M	236.9M
Deferred Long Term Liab	520K	334K	359K	446K	401.4K	653.4K
Non Current Liabilities Other	119K	7.0M	13.6M	266K	305.9K	290.6K

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When determining whether icad inc is a strong investment it is important to analyze Icad's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Icad's future performance. For an informed investment choice regarding Icad Stock, refer to the following important reports:

How To Invest In Icad

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Is Icad Stock a good investment?

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What is Icad's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in icad inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Note that the icad inc information on this page should be used as a complementary analysis to other Icad's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running Icad's price analysis, check to measure Icad's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Icad is operating at the current time. Most of Icad's value examination focuses on studying past and present price action to predict the probability of Icad's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icad's price. Additionally, you may evaluate how the addition of Icad to your portfolios can decrease your overall portfolio volatility.

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Is Icad's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icad. If investors know Icad will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.27)

Revenue Per Share

0.676

Quarterly Revenue Growth

0.023

Return On Assets

(0.10)

Return On Equity

(0.21)

The market value of icad inc is measured differently than its book value, which is the value of Icad that is recorded on the company's balance sheet. Investors also form their own opinion of Icad's value that differs from its market value or its book value, called intrinsic value, which is Icad's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icad's market value can be influenced by many factors that don't directly affect Icad's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Icad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icad's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Icad Cost of Revenue vs Net Income Analysis

Cost Of Revenue vs Net Income

Cost of Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Net Income

Icad fundamental ratios Correlations

Icad Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Icad fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Icad Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Other Stockholder Equity	+ 0.98	Common Stock Shares Outstanding
Total Current Assets	+ 0.93	Cash
Intangible Assets	+ 0.93	Non Current Assets Total
Total Current Assets	+ 0.93	Cash And Short Term Investments

Common Stock Shares Outstanding	- 0.98	Retained Earnings
Other Stockholder Equity	- 0.97	Retained Earnings
Cash And Short Term Investments	- 0.8	Net Debt
Cash	- 0.8	Net Debt
Net Debt	- 0.76	Total Stockholder Equity
Property Plant And Equipment Gross	- 0.72	Net Debt