tiprankstipranks
Trending News
More News >

iCoreConnect Reaches Settlement to Retain Assets

Story Highlights
iCoreConnect Reaches Settlement to Retain Assets

Confident Investing Starts Here:

An announcement from iCoreConnect ( (ICCT) ) is now available.

On March 10, 2025, iCoreConnect Inc. received notice from PIGI Solutions, LLC about a public auction of the company’s personal property due to an alleged debt of $2,434,243. The company filed a lawsuit against PIGI and John Schneller, claiming fraudulent inducement into a finder’s fee agreement. On May 6, 2025, a Settlement and Mutual Release Agreement was reached, allowing iCoreConnect to retain control of its assets by making a payment of $3,099,747 by May 30, 2025, which would also lead to the dismissal of the lawsuit with prejudice.

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

Average Trading Volume: 17,579,339

Technical Sentiment Signal: Sell

Current Market Cap: $3.69M

Find detailed analytics on ICCT stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App