iCoreConnect Q1 revenue $2.7M (+48% YoY); gross margin expands to 81%

iCoreConnect Inc.

Revenue grew 48% to $2.7M from $1.8M; gross margin improved to 81% from 73%.
Acquisitions closed Jan 1, 2024 contributed to growth; enterprise client base expanded.
Strategic OEM agreements with CareStream and Patterson Dental for cloud ePrescribing integration.
Launched fintech iCorePay; added endorsements in NE, PA, IL, TN covering ~15,000 dentists.
CEO cites modest sales team and minimal advertising; expects continued growth ahead.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

iCoreConnect Inc. reported the three months ended March 31, 2024 results: revenue $2.7 million.

Period: the three months ended March 31, 2024
Revenue: $2.7 million
Result: reported results

Exact text from the filing

pleased to announce robust financial results for the first quarter of 2024. The Company achieved a remarkable 48% increase in revenues, growing from $1.8 million in Q1 2023 to $2.7 million in Q1 2024. Financial Highlights: Revenue Growth: Revenues surged by 48% to $2.7 million. Gross Profit Margin: Improved from 73% to 81%. Our revenue growth is attributed to the

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Source: SEC EDGAR

accession 0001477932-24-003118

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