iCoreConnect Files for Chapter 11 Bankruptcy

iCoreConnect ( (ICCT) ) has issued an update.

On June 2, 2025, iCoreConnect Inc. and its subsidiary filed for Chapter 11 bankruptcy to maintain control over their assets and operations while restructuring for future success. The filing aims to enhance procedural efficiency and ensure operational continuity, with outstanding note payables of over $10 million affected by the automatic stay provisions.

Spark’s Take on ICCT Stock

According to Spark, TipRanks’ AI Analyst, ICCT is a Underperform.

iCoreConnect’s overall stock score is impacted significantly by the negative financial performance, including high leverage, negative margins, and reliance on external funding. Technical indicators also suggest a bearish trend, further weighing down the score. Valuation metrics do not provide any relief, as the negative P/E ratio highlights ongoing losses. The lack of positive earnings call data or corporate events leaves no immediate prospects for improvement.

To see Spark’s full report on ICCT stock, click here.

More about iCoreConnect

iCoreConnect Inc. operates in the technology industry, focusing on providing software solutions. The company, along with its subsidiary iCore Midco Inc., is involved in optimizing organizational structures and restructuring balance sheets to strategically position itself for long-term success.

Average Trading Volume: 18,603,005

Technical Sentiment Signal: Sell

Current Market Cap: $3.23M

See more data about ICCT stock on TipRanks’ Stock Analysis page.