Group Nine Acquisition Gross Profit

Group Nine Acquisition (GNAC) currently reports a gross profit of $-1.4M as of September 2022. That compares with $-940K in the prior-year period — down 52.8% year over year. That is below the sector sector average of $760M. Use the charts on this page to explore Group Nine Acquisition's gross profit history and peer comparisons.

Group Nine Acquisition's gross profit decreased from $-940K to $-1.4M — a 52.8% year-over-year decrease (period ending September 2022). Watching multi-year history on the chart below helps separate one-off swings from a lasting trend.

Group Nine Acquisition's gross profit of $-1.4M is lower than the its sector sector average of $760M. That is roughly 100.2% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.

Group Nine Acquisition reported $-1.4M in gross profit as of September 2022. That compares with $-940K in the prior-year period — down 52.8% year over year. Absolute dollar amounts are most useful when compared with prior periods, peers, and related line items such as revenue, assets, or liabilities on Stockcircle.

Start with the current gross profit of $-1.4M, then check the historical chart for trend and the peer comparison chart for relative positioning. The sector average is $760M. From there, open related valuation or income-statement pages for Group Nine Acquisition, and consider following GNAC for alerts when major investors trade the stock.