Deep-Dive Due Diligence AI Generated Report on iCoreConnect Inc. Common stock (ICCT)

Welcome to ScanScor. What you're reading is not just a stock summary -- it's a real-time, AI-generated due diligence session crafted from live news, financial data, insider trading activity, SEC filings, and live market momentum.

These reports are generated using OpenAI's GPT-based analysis engine, guided by tightly structured prompts and expert-level data ingestion. Every insight below was assembled to help you understand the forces behind today's market movers.

Disclaimer: This report is for informational purposes only. It does not constitute financial advice. Always do your own research before making any investment.


ICCT_OUT_1 [2025-04-03 04:09:07 -0400] 3469 Bytes | 959 tokens | Cum: 959 tkns (11.99% of 8k)
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We are in the 'Lightning Round' baby! It's 4:09:06 AM on Thu Apr 03, 2025 -0400, and I'm firing up the spotlight on iCoreConnect (ICCT), moving from 2.07 to 2.39. Is this a can’t-miss rocket or a one-hit wonder? Let’s dissect the numbers!

--- COMPANY PROFILE ---
Company: iCoreConnect (ICCT)
IPO: 2022-04-18 (2 Years Ago)
Market Cap: $9,784,664
Shares Outstanding: 2,069,999
Industry: SERVICES-PREPACKAGED SOFTWARE
Exchange: XNAS
Description: iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems. Its core services technology can be adopted to other vertical markets that require a high degree of secure data communication, such as the legal, financial, and education fields. It markets secure HIPAA compliant cloud-based software as a service (SaaS) offering under the names of iCoreExchange, iCoreCodeGenius, iCoreSecure, iCoreMD, iCoreDental, iCoreMobile, iCoreHuddle, iCoreRx, iCorePDMP, iCoreEPCS, and iCorePay. The company's software is sold under annual recurring revenue subscriptions. The company has a single reporting segment for reporting purposes focused on the North American market.

Here's the first list of news for iCoreConnect:

C1 - Mar-04-25 08:00AM - iCoreConnect Convertible Debt Holders Cancel 142,690 Common Stock Warrants and Convert $808,000 in Debt
C2 - Feb-26-25 12:45PM - iCoreConnect Files Hearing Request With NASDAQ
C3 - Feb-18-25 08:30AM - The Oregon Dental Association Expands Endorsement to Include Six iCoreConnect Cloud Software Solutions
C4 - Feb-10-25 08:30AM - Nevada Dental Association Endorses iCoreConnect's Cloud Software & Technology Solutions
C5 - Feb-03-25 08:30AM - Louisiana Dental Association Expands Endorsement With Cloud Software Leader iCoreConnect
C6 - Jan-29-25 08:30AM - iCoreConnect Expands Patient Education With Integration of iCoreAcademy Videos Into SOTA Cloud Dental Imaging Software
C7 - Jan-09-25 08:30AM - The Pennsylvania Dental Association Expands Endorsement to Include iCoreRx Cloud ePrescribing
C8 - Dec-19-24 08:30AM - iCoreConnect Announces Reverse Stock Split

Prior AI Reports for ICCT:
1. 2025-04-01 – Score: 45 – Target: 2.9200 – Highs: 5.4200 / 3.1600 / –
high-sales-growth-amid-financial-health-concerns-for-icoreconnect-inc
2. 2025-03-31 – Score: 20 – Target: 0.3920 – Highs: 2.3700 / 5.4200 / 3.16
troubled-waters-ahead-company-faces-financial-distress-amid-negative-metrics
3. 2025-03-26 – Score: 15 – Target: 0.5409 – Highs: 0.4130 / 0.3950 / 0.35
companys-deteriorating-financials-and-insider-selling-signal-caution

(Note: Highs = Same day / 2nd day / 3rd day)

ONLY 3 RULES for AI:
==============
1) I am a document retrieval system. You are the analyst-investigator.
2) You can request items from my lists to get more info on iCoreConnect (ICCT)
3) AFTER requesting and reading News and SEC filings you'll write a summary, set a score, high price target and headline.
Now, your response should be only 2 or 3 chars. You can say ex., C1, C2, etc., or NEX
The NEX command delivers the NEXt list of News/SEC/Metrics
There are several more lists that use our unified document retrieval system in subsequent prompts.
Your predictons will be compared to reality to rate your accuracy. Try to predict accurately. GOOD LUCK!
Please request a document, read, summarize and score. Say something like "C1".

ICCT_IN_2 [2025-04-03 04:09:07 -0400] 2 Bytes | 2 tokens | Cum: 961 tkns (12.01% of 8k)
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C1

ICCT_OUT_3 [2025-04-03 04:09:12 -0400] 1098 Bytes | 276 tokens | Cum: 1237 tkns (15.46% of 8k)
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Showing C1 (chunk 1 of 4): C1:
**iCoreConnect Convertible Debt Holders Cancel 142,690 Common Stock Warrants and Convert $808,000 in Debt**
Date: Mar-04-25 08:00AM
Source: (NewMediaWire)
URL: https://finance.yahoo.com/news/icoreconnect-convertible-debt-holders-cancel-130000979.html

OCOEE, FL - March 4, 2025 (NEWMEDIAWIRE) -iCoreConnect Inc.(NASDAQ: ICCT), a leading provider of cloud-based software and technology solutions, announced that certain convertible debt holders converted $808,000 of debt into equity in February. This conversion strengthens the company's shareholders' equity and reduces future cash outflows.

Additionally, these debt holders, who collectively owned 142,690 common stock warrants, agreed to cancel them immediately without consideration. The canceled warrants included anti-dilution provisions that could have led to an increase in the number of warrants and a reduction in the exercise price if

--> You can ask for 1) More of this item with: MOR, 2) the NEXt section with: NEX, or 3) a different item by it's handle (ex. C3, S2) (only 3 chars don't summarize yet)

ICCT_IN_4 [2025-04-03 04:09:12 -0400] 491 Bytes | 93 tokens | Cum: 1330 tkns (16.62% of 8k)
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iCoreConnect announced that its convertible debt holders converted $808,000 of debt into equity in February 2025. This conversion improved the company's shareholders' equity and reduced future cash outflows. Additionally, these debt holders, owning 142,690 common stock warrants, agreed to cancel them immediately without any consideration. The canceled warrants had anti-dilution provisions that could have led to an increase in the number of warrants and a reduction in the exercise price.

ICCT_OUT_5 [2025-04-03 04:09:13 -0400] 826 Bytes | 263 tokens | Cum: 1593 tkns (19.91% of 8k)
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We present this news so you can catch the big movers from recently breaking news.
Here's a list of news articles you can literally read just by asking.
Usually the first item is the most important.

A1 - 2025-04-01T20:21:24Z - Real Estate Stocks To Keep An Eye On - April 1st...
A2 - 2025-04-01T18:02:01Z - Healthcare Stocks To Keep An Eye On - April 1st...
A3 - 2025-04-01T18:02:04Z - Top Medical Stocks To Watch Today - April 1st...
A4 - 2025-04-01T13:06:00Z - Pre-market Movers: GATE, ICCT, GPUS, UPB, INNV....
A5 - 2025-03-31T14:28:55Z - Nasdaq Tumbles Over 300 Points; Chicago PMI Rises In March - Corcept Therapeutics (NASDAQ:CORT), Dam...

Request an article by its reference number. (Ex., "A1" gets the first item)
You may also say NEX to go to the next listing.
Response to this prompt limited to 3 chars.

ICCT_IN_6 [2025-04-03 04:09:13 -0400] 2 Bytes | 2 tokens | Cum: 1595 tkns (19.94% of 8k)
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A1

ICCT_OUT_7 [2025-04-03 04:09:18 -0400] 1098 Bytes | 275 tokens | Cum: 1870 tkns (23.38% of 8k)
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Showing A1 (chunk 1 of 9): A1:
**Real Estate Stocks To Keep An Eye On - April 1st**Date: 2025-04-01Source: {'uri': 'marketbeat.com', 'dataType': 'news', 'title': 'Market Beat'}URL: https://www.marketbeat.com/instant-alerts/real-estate-stocks-to-keep-an-eye-on-april-1st-2025-04-01/D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy

Ford Motor, iCoreConnect, MercadoLibre, Bank of America, and Charles Schwab are the five Real Estate stocks to watch today, according to MarketBeat's stock screener tool. Real estate stocks are shares in companies primarily involved in property development, management, or investment activities. They allow investors to gain exposure to the real estate market without owning physical property, while benefiting from potential income and capital appreciation influenced by market conditions such as interest rates and economic trends. These companies had the highest dollar trading vo

--> You can ask for 1) More of this item with: MOR, 2) the NEXt section with: NEX, or 3) a different item by it's handle (ex. C3, S2) (only 3 chars don't summarize yet)

ICCT_IN_8 [2025-04-03 04:09:18 -0400] 540 Bytes | 97 tokens | Cum: 1967 tkns (24.59% of 8k)
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According to MarketBeat's stock screener tool, Ford Motor, iCoreConnect, MercadoLibre, Bank of America, and Charles Schwab are the five real estate stocks to watch today. These companies are primarily involved in property development, management, or investment activities. Investing in real estate stocks allows investors to gain exposure to the real estate market without owning physical property. The potential income and capital appreciation of these stocks are influenced by market conditions such as interest rates and economic trends.

ICCT_OUT_9 [2025-04-03 04:09:19 -0400] 1041 Bytes | 304 tokens | Cum: 2271 tkns (28.39% of 8k)
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This is our final list of news.
News AI can literally read just by asking.
Don't miss the breaking news!

B1 - 2024-10-03T12:30:00Z - iCoreConnect Inc. Announces Strategic Acquisition of Healthcare Circle of Excellence Assets
B2 - 2024-08-28T21:30:00Z - Alaska Dental Society Endorses Nine iCoreConnect Products and Solutions
B3 - 2024-08-16T20:30:00Z - iCoreConnect Inc. Reports Strong Revenue and Subscriber Growth in Q2 2024 With a 66% Revenue Increase
B4 - 2024-07-05T09:42:31Z - Why Sharps Technology Shares Are Trading Higher By Around 32%; Here Are 20 Stocks Moving Premarket - Sharps ... - Benzinga
B5 - 2024-04-23T18:00:00Z - iCoreConnect Inc. Announces New State Endorsement of Seven Solutions From the Tennessee Dental Association
B6 - 2024-04-11T17:33:07Z - Why Fastenal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Request an article by its reference number. (Ex., "B1" gets the first item)
You can say NEX to go to the next listing.
Response limited to 3 chars.

ICCT_IN_10 [2025-04-03 04:09:19 -0400] 2 Bytes | 2 tokens | Cum: 2273 tkns (28.41% of 8k)
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B1

ICCT_OUT_11 [2025-04-03 04:09:22 -0400] 732 Bytes | 180 tokens | Cum: 2453 tkns (30.66% of 8k)
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Showing B1 (chunk 1 of 1): B1:
**iCoreConnect Inc. Announces Strategic Acquisition of Healthcare Circle of Excellence Assets**Date: Unknown DateSource: Unknown SourceURL: https://www.benzinga.com/pressreleases/24/10/g41162779/icoreconnect-inc-announces-strategic-acquisition-of-healthcare-circle-of-excellence-assetsiCoreConnect Inc. has acquired the assets of the Healthcare Circle of Excellence, positioning the company as a leader in providing resources and solutions to help local healthcare community partners and practices remain independent and thrive.

--> You can ask for 1) More of this item with: MOR, 2) the NEXt section with: NEX, or 3) a different item by it's handle (ex. C3, S2) (only 3 chars don't summarize yet)

ICCT_IN_12 [2025-04-03 04:09:23 -0400] 454 Bytes | 77 tokens | Cum: 2530 tkns (31.62% of 8k)
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iCoreConnect Inc., a provider of resources and solutions for the healthcare sector, has announced its acquisition of Healthcare Circle of Excellence's assets. This strategic move is expected to establish iCoreConnect as a leader in the field and support local healthcare community partners and practices in maintaining independence and promoting growth. The date of the announcement and further details of the transaction were not provided in the source.

ICCT_OUT_13 [2025-04-03 04:09:23 -0400] 1127 Bytes | 287 tokens | Cum: 2817 tkns (35.21% of 8k)
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This is our list of SEC filings.
If empty, the search returned no recent filings.

S8 - 2024-12-10 8-K Item 1.01 Entry into Material Definitive Agrmt.

Note Offering

As previously reported, on February 26, 2024, iCoreConnect, Inc. (the Company) executed securities purchase agreements (the Purchase Agrmts) with certain institutional investors (the Investors). Pursuant to...

S9 - 2024-12-10 8-K Item 1.01 Entry into Material Definitive Agrmt.

Note Offering

As previously reported, on February 26, 2024, iCoreConnect, Inc. (the Company) executed securities purchase agreements (the Purchase Agrmts) with certain institutional investors (the Investors). Pursuant to...

S10 - 2024-12-10 8-K Item 1.01 Entry into Material Definitive Agrmt.

Note Offering

As previously reported, on February 26, 2024, iCoreConnect, Inc. (the Company) executed securities purchase agreements (the Purchase Agrmts) with certain institutional investors (the Investors). Pursuant t...

Request filing by its reference number. (Ex., "S1" gets the first item)
You can say NEX to go to the next listing.
Response limited to 3 chars.

ICCT_IN_14 [2025-04-03 04:09:23 -0400] 2 Bytes | 2 tokens | Cum: 2819 tkns (35.24% of 8k)
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S8

ICCT_OUT_15 [2025-04-03 04:09:29 -0400] 1098 Bytes | 264 tokens | Cum: 3083 tkns (38.54% of 8k)
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Showing S8 (chunk 1 of 6): S8:
Item 1.01 Entry into Material Definitive Agreement.

Note Offering

As previously reported, on February 26, 2024, iCoreConnect, Inc. (the Company) executed securities purchase agreements (the Purchase Agreements) with certain institutional investors (the Investors). Pursuant to the terms and conditions of the Purchase Agreements, the Investors agreed to purchase from the Company unsecured convertible notes in the aggregate principal amount of up to $3,300,000 (the Notes) (the Financing).

On April 26, 2024, the Company and the Investors entered into an amendment to the Purchase Agreements (the Amendment) and related transaction documents, pursuant to which the terms of the Financing were amended. The amended terms include, but are not limited to, an increase in the total amount of the Notes issuable under the Financing to an aggregate principal amount of up to $8,250,000. Pursuant

--> You can ask for 1) More of this item with: MOR, 2) the NEXt section with: NEX, or 3) a different item by it's handle (ex. C3, S2) (only 3 chars don't summarize yet)

ICCT_IN_16 [2025-04-03 04:09:29 -0400] 490 Bytes | 104 tokens | Cum: 3187 tkns (39.84% of 8k)
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iCoreConnect, Inc. entered into a material definitive agreement with certain institutional investors on February 26, 2024. The investors agreed to purchase unsecured convertible notes from the company up to an aggregate principal amount of $3,300,000. On April 26, 2024, the company and the investors agreed to an amendment to the purchase agreements, which included an increase in the total amount of notes issuable under the financing to an aggregate principal amount of up to $8,250,000.

ICCT_OUT_17 [2025-04-03 04:09:40 -0400] 5308 Bytes | 1579 tokens | Cum: 4766 tkns (59.58% of 8k)
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This is our set of metrics.
Please analyze the numbers.

+--------------------+------------------------+-----------------------+-----------------------+
| Volume: 11,924,708 | Perf Month: 191.55% | Option/Short: No / No | Sales Y/Y TTM: 42.66% |
+--------------------+------------------------+-----------------------+-----------------------+
| Avg Volume: 11.10M | Perf Quarter: -19.14% | Short Float: 2.42% | ROE: -1718.32% |
+--------------------+------------------------+-----------------------+-----------------------+
| Rel Volume: 1.07 | Index: - | Short Ratio: 0.00 | ROI: -2804.19% |
+--------------------+------------------------+-----------------------+-----------------------+
| RSI (14): 55.81 | Market Cap: 4.29M | Short Interest: 0.04M | Sales Surprise: - |
+--------------------+------------------------+-----------------------+-----------------------+
| ATR (14): 0.64 | Shs Outstand: 2.07M | Beta: -0.78 | EPS Surprise: - |
+--------------------+------------------------+-----------------------+-----------------------+
| SMA20: 127.65% | Shs Float: 1.68M | Sales Q/Q: 39.06% | P/E: - |
+--------------------+------------------------+-----------------------+-----------------------+
| SMA50: 33.56% | Inst Own: 10.37% | Sales past 5Y: - | Earnings: - |
+--------------------+------------------------+-----------------------+-----------------------+
| SMA200: -69.24% | Insider Own: 18.89% | Employees: - | |
+--------------------+------------------------+-----------------------+-----------------------+
| Perf Week: 417.37% | Insider Trans: -84.47% | Debt/Eq: - | |
+--------------------+------------------------+-----------------------+-----------------------+

The next section covers any insider trading.
If this section may be blank due to no recent filings.

Inside Trans: iCoreConnect Inc. (ICCT) by McDermott Kevin Patrick (Unknown Title) on 2024-12-31
- Common Stock: 6000 shares at $2.5 (D)
- Common Stock: 42858 shares at $0.35 (D)

Inside Trans: iCoreConnect Inc. (ICCT) by Pasqual John (Unknown Title) on 2024-12-31
- Common Stock: 8000 shares at $2.5 (D)

Inside Trans: iCoreConnect Inc. (ICCT) by McDermott Robert P (Chief Executive Officer) on 2024-12-31
- Common Stock: 16130 shares at $1.24 (D)
- Common Stock: 8000 shares at $2.5 (D)

Inside Trans: iCoreConnect Inc. (ICCT) by Hyland Yvonne E (Unknown Title) on 2024-12-31
- Common Stock: 8001 shares at $2.5 (D)

Inside Trans: iCoreConnect Inc. (ICCT) by Kalish Wayne Edward (Unknown Title) on 2024-12-31
- Common Stock: 8001 shares at $2.5 (D)

Inside Trans: iCoreConnect Inc. (ICCT) by Shah Archit (Chief Financial Officer) on 2024-12-31
- Common Stock: 4001 shares at $2.5 (D)

Inside Trans: iCoreConnect Inc. (ICCT) by Fundamental Global Inc. (Unknown Title) on 2024-12-10
- COMMON STOCK, PAR VALUE $0.0001 PER SHARE: 1000000 shares at $0.269 (D)
- COMMON STOCK, PAR VALUE $0.0001 PER SHARE: 10000 shares at $0.1725 (D)

[Company Financial Summary]
[Company Details]
Name: N/A
Market Cap: N/A
Shares Outstanding: N/A
Sector: N/A

[Financial Statements - Latest Quarter]
Total Assets: N/A
Total Liabilities: N/A
Total Equity: N/A
Revenue (Quarter): {'value': 2787999.0, 'unit': 'USD', 'label': 'Revenues', 'order': 100}
Net Income: {'value': -6660327.0, 'unit': 'USD', 'label': 'Net Income/Loss', 'order': 3200}
Earnings Per Share (EPS): N/A

[Price Metrics - Last 30 Days]
Latest Close: 2.07
Average Volume: 29414291.32
30-Day High: 4.72
30-Day Low: 0.297058

[Detailed Financials: Q3 2024]
- Total Assets: $14,220,659.0
- Total Liabilities: $17,241,294.0
- Total Equity: $-3,020,635.0
- Current Assets: $1,451,875.0
- Current Liabilities: $13,122,727.0

[Income Statement: Q3 2024]
- Revenue: $2,787,999.00
- Net Income: N/A
- Gross Profit: N/A
- Operating Income: N/A
- Earnings Per Share (EPS): N/A

[Cash Flow Statement: Q3 2024]
- Net Cash Flow: $-34,848

[Detailed Financials: Q2 2024]
- Total Assets: $17,432,081.0
- Total Liabilities: $17,021,432.0
- Total Equity: $410,649
- Current Assets: $1,443,225.0
- Current Liabilities: $12,940,037.0

[Income Statement: Q2 2024]
- Revenue: $3,087,900.00
- Net Income: N/A
- Gross Profit: N/A
- Operating Income: N/A
- Earnings Per Share (EPS): N/A

[Cash Flow Statement: Q2 2024]
- Net Cash Flow: $109,163
==== END OF FINANCIAL REPORT ====

You are now requested to make a summary analysis.
Save explaining why you didn't have enough information for the final survey.

Now, complete this report with the following:

1) Brief Summary: explain your findings in succinct wording.
2) MARKET_SCORE: If you calculate a 92% likelihood of an upward moves, say: MARKET_SCORE[92]
3) PRICE_TARGET: If you think the high today will be 50% higher, add to the price.
Eg., If the current price is $5.00, add 50%. Thus, PRICE_TARGET[$7.50] -- It should be at or above the current price.
4) Provide a thought-provoking take, 6-10 words, to use for the headline of this news story.
Like this: AI_RPT_HEADLINE: [6-12 words headline for news story, distilled from summary]

1) Brief Summary, 2) MARKET_SCORE, 3) PRICE_TARGET, and 4) AI_RPT_HEADLINE

ICCT_IN_18 [2025-04-03 04:09:40 -0400] 1092 Bytes | 261 tokens | Cum: 5027 tkns (62.84% of 8k)
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1) Brief Summary: The company has experienced significant volatility with a monthly performance increase of 191.55% and a weekly increase of 417.37%. However, the quarterly performance shows a decrease of 19.14% and the SMA200 shows a decrease of 69.24%. The company has shown strong sales growth with 42.66% Y/Y and 39.06% Q/Q. The ROI and ROE are heavily negative, which is a concern. Insider ownership is high at 18.89%, which can be seen as a positive sign of confidence from the management. However, there has been a significant decrease in insider transactions with a decrease of 84.47%. The company’s financials reveal a concerning increase in total liabilities between Q2 and Q3 of 2024.

2) MARKET_SCORE: Given the volatility and the negative financial indicators, the likelihood of an upward move is calculated at 55%.

3) PRICE_TARGET: Considering the current price is $2.07 and the 30-Day High of $4.72, with the volatility in mind, a modest increase of 15% would give a price target of $2.38.

4) AI_RPT_HEADLINE: "Unsteady Performance Amid Strong Sales Growth Raises Concerns"

ICCT_OUT_19 [2025-04-03 04:09:43 -0400] 676 Bytes | 167 tokens | Cum: 5194 tkns (64.92% of 8k)
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Finally, if more data could have improved your confidence which would you have chosen? **Choose one option:**
-> X0 <- Nothing more would have helped my analysis
-> X1 <- More stock-specific news
-> X2 <- More SEC filings (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes
-> X3 <- More SEC Insider Trading (Form 3, 4, 5) Direct buys/sells from executives and institutions
-> X4 <- Broader sector & market news
-> X5 <- Your past analysis on similar companies (specify metrics)
-> X6 <- More financial metrics
-> X7 <- Your past analysis on this exact company
-> X8 <- Something altogether different (explain...)

ICCT_IN_20 [2025-04-03 04:09:43 -0400] 329 Bytes | 69 tokens | Cum: 5263 tkns (65.79% of 8k)
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As a financial analyst, I would choose X2 - More SEC filings (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes. These documents provide a comprehensive look at the company's financial health, business strategies, and potential risks. This data can significantly improve the quality and accuracy of my analysis.

ICCT_IN_21 [2025-04-03 04:09:43 -0400] 126 Bytes | 29 tokens | Cum: 5292 tkns (66.15% of 8k)
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====================================
[2025-04-03 04:09:43] # Analysis Completed
Elapsed Time: 37.02 seconds




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