iCoreConnect, Inc. is a market leading, cloud-based software and technology company focused on increasing workflow productivity and practice profitability through its enterprise and healthcare workflow platform of applications and services. iCoreConnect is most notably known for its innovation in solving healthcare business problems. iCoreConnect’s philosophy places a high value on customer feedback, allowing iCoreConnect to respond to the market’s needs. iCoreConnect touts a platform of 16 SaaS enterprise solutions and more than 100 product endorsements with state or regional healthcare associations across the United States.
Company profile
Ticker
ICCT
Exchange
Website
CEO
M. Wesley Schrader
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
Former names
FG Merger Corp.
SEC CIK
ICCT stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
18 Apr 24
8-K
Departure of Directors or Certain Officers
3 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
8-K
Entry into a Material Definitive Agreement
28 Feb 24
8-K
Entry into a Material Definitive Agreement
15 Feb 24
8-K
Entry into a Material Definitive Agreement
8 Feb 24
8-K
Entry into a Material Definitive Agreement
5 Jan 24
8-K
Entry into a Material Definitive Agreement
4 Jan 24
S-8
Registration of securities for employees
28 Dec 23
8-K
Entry into a Material Definitive Agreement
22 Dec 23
Latest ownership filings
SC 13G/A
CVI Investments, Inc.
14 Feb 24
SC 13G/A
Radcliffe Capital Management, L.P.
14 Feb 24
SC 13G
PERISCOPE CAPITAL INC.
9 Feb 24
SC 13G/A
Linden Capital L.P.
7 Feb 24
SC 13G/A
Hudson Bay Capital Management LP
5 Feb 24
SC 13G/A
Space Summit Capital LLC
5 Feb 24
4
David A. Fidanza
2 Oct 23
4
Robert P McDermott
2 Oct 23
4
Archit Shah
15 Sep 23
3
Joseph Gitto
13 Sep 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 457.39 k | 457.39 k | 457.39 k | 457.39 k | 457.39 k | 457.39 k |
Cash burn (monthly) | (no burn) | (no burn) | 807.70 k | 463.91 k | 1.12 mm | 897.64 k |
Cash used (since last report) | n/a | n/a | 5.57 mm | 3.20 mm | 7.76 mm | 6.19 mm |
Cash remaining | n/a | n/a | -5.12 mm | -2.74 mm | -7.30 mm | -5.74 mm |
Runway (months of cash) | n/a | n/a | -6.3 | -5.9 | -6.5 | -6.4 |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 43 |
Opened positions | 5 |
Closed positions | 0 |
Increased positions | 21 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 67.32 bn |
Total shares | 14.95 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
FG Merger Investors | 2.01 mm | $0.00 |
Periscope Capital | 1.57 mm | $8.92 bn |
Radcliffe Capital Management | 1.21 mm | $5.71 bn |
Linden Advisors | 962.50 k | $5.84 bn |
Rivernorth Capital Management | 874.99 k | $5.31 bn |
Hudson Bay Capital Management | 768.34 k | $6.31 bn |
Wolverine Asset Management | 632.70 k | $5.26 bn |
CVI Investments | 600.00 k | $5.99 mm |
Context Capital Management | 568.75 k | $3.45 mm |
Linden Capital | 550.00 k | $5.50 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Sep 23 | Archit Shah | Common Stock | Grant | Acquire A | No | No | 5.64 | 176 | 992.64 | 33,830 |
14 Sep 23 | McDermott Robert P | Series A Preferred Stock Common Stock | Buy | Acquire P | No | No | 0 | 4,673 | 0.00 | 4,673 |
14 Sep 23 | McDermott Robert P | Series A Preferred Stock Common Stock | Buy | Acquire P | No | No | 10 | 5,000 | 50.00 k | 10,000 |
14 Sep 23 | Fidanza David A. | Series A Preferred Stock Common Stock | Buy | Acquire P | No | No | 0 | 17,757 | 0.00 | 17,757 |
14 Sep 23 | Fidanza David A. | Series A Preferred Stock Common Stock | Buy | Acquire P | No | No | 10 | 19,000 | 190.00 k | 19,000 |
News
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10 Apr 24
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10 Apr 24
iCoreConnect Announces Strategic Partnership With Carestream Dental
12 Mar 24
Press releases
iCoreConnect Inc. Announces New State Endorsement of Seven Solutions From the Tennessee Dental Association
23 Apr 24
iCoreConnect Inc. Closes $2,375,000 Convertible Note Financing
22 Mar 24
iCoreConnect Inc. Announces Strategic Partnership With Carestream Dental to Launch Rx Manager
12 Mar 24
iCoreConnect Announces Exciting Updates to One of Its Leading SaaS Solutions
31 Jan 24