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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.