Private company

iCoreConnect Inc.

American prepackaged software services company, incorporated in Nevada. Summary from the record

Last updated Oct 19, 2026.

Overview

IndustryServices-Prepackaged Software¹
HeadquartersOcoee, Florida¹
Incorporated inNV²
Business address529 E. Crown Point Road, Suite 250, Ocoee, Fl 34761²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

71.9%Gross margin³

-60.1%Operating margin³

-76.1%Net margin³

61.2%Revenue growth, 2022³

-$1.3MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2022

Cost of revenueSelling, general and admin

Cost of revenue18¢$2.2M
Selling, general and admin75¢$9.3M
Interest6¢$785.4K

Out of $8.0M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵⁶⁷³$8.0M in 2022+1123% since 2017

Gross profit⁴⁵⁶⁷³$5.7M in 2022+1509% since 2017

Operating income⁶⁷³-$4.8M in 2022

Net income⁴⁵⁶⁷³-$6.1M in 2022+35% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022
Revenue	$653.0K⁴	$1.1M⁵	$1.0M⁶	$2.1M⁷	$5.0M³	$8.0M³
Cost of revenue	$296.0K⁴	$449.0K⁵	$305.0K⁶	$1.0M⁷	$1.6M³	$2.2M³
Gross profit	$357.0K⁴	$640.0K⁵	$709.0K⁶	$1.1M⁷	$3.4M³	$5.7M³
Selling, general and admin		$3.5M⁵	$3.4M⁶	$3.4M⁷	$5.2M³	$9.3M³
Operating expenses					$6.7M³	$10.5M³
Operating income				$3.5M⁶	-$5.0M⁷	-$4.8M³
Interest	$2.3M⁴	-$232.0K⁵	$236.0K⁶	$238.8K⁷	$500.9K³	$785.4K³
Net income	-$4.5M⁴	-$5.2M⁵	-$3.0M⁶	-$3.5M⁷	-$5.0M³	-$6.1M³
Shares (weighted, basic)					146.7M shares⁷	146.7M shares³

Total assets⁴⁵⁶⁷³$6.6M in 2022+271% since 2017

Total liabilities⁴⁵⁶⁷³$9.1M in 2022+199% since 2017

Shareholders’ equity⁴⁵⁶³-$2.5M in 2022−80% since 2016

Cash⁴⁵⁶⁷³$196.2K in 2022+72% since 2016

Long-term debt⁴⁵⁶³$1.4M in 2022−1% since 2017

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Cash	$114.0K⁴	$52.0K⁵	$1.0K⁶	$445.0K⁷	$7.6K⁷	$71.8K³	$196.2K³
Receivables						$629.0K³	$414.8K³
Current assets		$191.0K⁴	$234.0K⁵	$554.0K⁶	$154.2K⁷	$1.0M³	$1.1M³
Property, plant and equipment						$92.6K³	$74.2K³
Goodwill						$1.5M³	$1.5M³
Intangible assets						$278.0K⁷
Total assets		$1.8M⁴	$1.7M⁵	$2.5M⁶	$2.7M⁷	$6.6M³	$6.6M³
Short-term debt						$3.9M³	$5.7M³
Current liabilities		$2.9M⁴	$2.5M⁵	$1.9M⁶	$3.2M⁷	$4.1M³	$6.8M³
Long-term debt		$1.5M⁴	$55.0K⁵	$13.0K⁶	$0⁶	$1.5M³	$1.4M³
Long-term liabilities						$1.6M³	$2.3M³
Total liabilities		$3.0M⁴	$2.7M⁵	$2.1M⁶	$3.3M⁷	$5.6M³	$9.1M³
Retained earnings						-$82.8M³	-$88.9M³
Shareholders’ equity	-$12.8M⁴	-$1.3M⁵	-$958.1K⁶	$465.0K⁶	-$628.9K³	$1.0M³	-$2.5M³
Shares outstanding		34.3M shares⁴	50.9M shares⁵	67.5M shares⁶	90.1M shares⁷	167.5M shares³	181.3M shares³

Cash from operations⁴⁵⁶⁷³-$1.3M in 2022−27% since 2017

Capital spending⁴⁵³$4.2K in 2022−17% since 2017

Free cash flow⁴⁵³-$1.3M in 2022−27% since 2017

Dividends paid³$1.8M in 2022+120% since 2021

Fiscal year	2017	2018	2019	2020	2021	2022
Cash from operations	-$1.7M⁴	-$2.0M⁵	-$1.7M⁶	-$1.3M⁷	-$2.9M³	-$1.3M³
Depreciation and amortization					$1.4M³	$1.3M³
Stock-based compensation					$331.9K³	$1.8M³
Capital spending	$5.0K⁴	-$5.0K⁵			$55.0K³	$4.2K³
Free cash flow	-$1.8M	-$2.0M			-$3.0M	-$1.3M
Cash from investing					-$3.5M³	-$294.0K³
Dividends paid					$814.6K³	$1.8M³
Share buybacks						$100.0K³
Cash from financing					$6.5M³	$1.7M³

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Leadership

Who has led iCoreConnect Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

Frederick Zolla2008

President

Chief financial officer

Chief operating officer

2010201520202025

Chief executive officerRobert P. McDermott Sep 12, 2018 to Jul 27, 2023¹⁰
Chief executive officerFrederick Zolla Apr 2, 2008 to Sep 18, 2009¹¹
ChairFrederick Zolla Apr 2, 2008 to Apr 2, 2008¹¹
PresidentRobert P. McDermott Apr 29, 2020 to Jul 27, 2023¹²
PresidentThomas Christopher Dorsett Apr 2, 2008 to Sep 18, 2009¹³
Chief financial officerHarold Lee Goetsch Mar 19, 2021 to Apr 29, 2021¹⁴
Chief financial officerArchit Shah Sep 10, 2021 to Jul 26, 2023¹⁵
Chief financial officerScott A. Malmanger Jan 17, 2018 to Feb 25, 2019¹⁶
Chief financial officerDonald Sproat Apr 22, 2016 to Apr 22, 2016¹⁷
Chief financial officerThomas Joseph Owens Apr 2, 2008 to Apr 2, 2008¹⁸
Chief operating officerJefff Wayne Stellinga May 23, 2022 to Jul 27, 2023¹⁹
Chief operating officerDonald B. Douglas Apr 25, 2016 to Sep 12, 2018²⁰

Board members and other officers (15)

CIODavid A. Fidanza Jan 17, 2018 to Jul 26, 2023²¹
Chief Technology OfficerMuralidar Chakravarthi Sep 13, 2018 to Jul 26, 2023²²
Chief Technology OfficerBrian Anthony Howell Apr 2, 2008 to Sep 18, 2009²³
Board memberJohn Pasqual Apr 24, 2023 to Apr 24, 2023²⁴
Board memberJoseph Gitto Apr 24, 2023 to Jul 27, 2023²⁵
Board memberJohn Schneller Apr 30, 2020 to Dec 9, 2021²⁶
Board memberRobert P. McDermott Sep 12, 2018 to Jul 27, 2023¹⁰
Board memberRobert A. Desanti Sep 14, 2018 to May 5, 2021²⁷
Board memberSamuel B. Fortenbaugh Iii. Aug 25, 2017 to Apr 27, 2021²⁸
Board memberJd Smith Apr 25, 2016 to Apr 29, 2020²⁹
Board memberJefff Wayne Stellinga Apr 28, 2016 to Nov 23, 2022³⁰
Board memberFrederick Zolla Jun 23, 2009 to Sep 18, 2009³¹
Board memberBrian Ray Groh Apr 2, 2008 to Apr 2, 2008³²
Board memberF. Chandler Coddington Jr. Apr 2, 2008 to Apr 2, 2008³³
Board memberLawrence J. Shemen Apr 2, 2008 to Apr 2, 2008³⁴

Former names

iMedicorJun 25, 2010 to Jun 30, 2017²
Vemics, Inc.Aug 13, 2007 to Jun 15, 2010²

Timeline

Sep 12, 2018New chief executive Robert P. McDermott becomes CEO¹⁰
Apr 2, 2008New chief executive Frederick Zolla becomes CEO¹¹

Filings

94 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 21 major events, 52 insider forms, 10 other. The latest 20:

Aug 29, 202315-12G EDGAR
Aug 14, 202310-Q EDGAR
Jul 28, 20238-K EDGAR
Jul 27, 20234 EDGAR
Jul 27, 20234 EDGAR
Jul 27, 20234 EDGAR
Jul 27, 20234 EDGAR
Jul 27, 20234/A FORM 4 A EDGAR
Jul 26, 20234 EDGAR
Jul 26, 20234 EDGAR
Jul 26, 20234 EDGAR
Jul 26, 20234 EDGAR
Jul 12, 2023DEFM14A EDGAR
Jun 16, 202310-Q EDGAR
Jun 16, 202310-Q/A EDGAR
Jun 16, 202310-K/A EDGAR
May 25, 20238-K EDGAR
May 19, 20238-K EDGAR
May 15, 2023NT 10-Q EDGAR
May 4, 2023DEFM14A EDGAR

The 94 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

47 open-market trades by officers, directors and large owners since October 2021: 47 buys and 0 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Feb 8, 2023	McDermott Kevin PatrickDirector	Buy	100,000	$0.10	$10.0K	Form 4
Jan 31, 2023	McDermott Robert PCEO & President	Buy	815,452	$0.10	$81.5K	Form 4
Jan 15, 2023	Stellinga Jeff WayneCOO	Buy	500,000	$0.10	$50.0K	Form 4
Jan 15, 2023	Stellinga Jeff WayneCOO	Buy	500,000	$0.10	$50.0K	Form 4
Dec 8, 2022	McDermott Robert PCEO & President	Buy	20,790	$0.09	$1.9K	Form 4
Dec 6, 2022	DeSanti Robert A	Buy	265,171	$0.08	$21.2K	Form 4
Nov 23, 2022	McDermott Robert PCEO & President	Buy	32,090	$0.08	$2.6K	Form 4
Nov 23, 2022	Shah ArchitCFO	Buy	6,300	$0.08	$504	Form 4
Nov 22, 2022	McDermott Robert PCEO & President	Buy	7,090	$0.07	$496	Form 4
Nov 22, 2022	Stellinga Jeff WayneCOO	Buy	10,000	$0.07	$700	Form 4
Nov 18, 2022	Shah ArchitCFO	Buy	2,900	$0.07	$203	Form 4
Sep 15, 2022	McDermott Robert PCEO & President	Buy	4,000	$0.10	$400	Form 4
Sep 15, 2022	Stellinga Jeff WayneCOO	Buy	5,000	$0.10	$500	Form 4
Sep 14, 2022	McDermott Robert PCEO & President	Buy	15,010	$0.10	$1.5K	Form 4
Sep 14, 2022	Stellinga Jeff WayneCOO	Buy	1,000	$0.11	$110	Form 4
Sep 9, 2022	McDermott Robert PCEO & President	Buy	16,200	$0.11	$1.8K	Form 4
Sep 9, 2022	Shah ArchitCFO	Buy	5,100	$0.11	$561	Form 4
Sep 8, 2022	Shah ArchitCFO	Buy	12,300	$0.10	$1.2K	Form 4
Sep 7, 2022	McDermott Robert PCEO & President	Buy	48,190	$0.10	$4.8K	Form 4
Sep 7, 2022	Stellinga Jeff WayneCOO	Buy	6,100	$0.11	$701	Form 4

All 47 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARiCoreConnect Inc. filings on SEC EDGAR
2
SEC EDGARiCoreConnect Inc. filings on SEC EDGAR
3
SEC EDGARiCoreConnect Inc. 10-K for fiscal 2022
4
SEC EDGARiCoreConnect Inc. 10-K for fiscal 2017
5
SEC EDGARiCoreConnect Inc. 10-K for fiscal 2018
6
SEC EDGARiCoreConnect Inc. 10-K for fiscal 2019
7
SEC EDGARiCoreConnect Inc. 10-K for fiscal 2020
8
SEC EDGARiCoreConnect Inc. 10-Q for fiscal 2023
9
SEC EDGARiCoreConnect Inc. 10-Q for fiscal 2023
10
SEC EDGARRobert P. McDermott, Chief executive officer
11
SEC EDGARFrederick Zolla, Chief executive officer
12
SEC EDGARRobert P. McDermott, President
13
SEC EDGARThomas Christopher Dorsett, President
14
SEC EDGARHarold Lee Goetsch, Chief financial officer
15
SEC EDGARArchit Shah, Chief financial officer
16
SEC EDGARScott A. Malmanger, Chief financial officer
17
SEC EDGARDonald Sproat, Chief financial officer
18
SEC EDGARThomas Joseph Owens, Chief financial officer
19
SEC EDGARJefff Wayne Stellinga, Chief operating officer
20
SEC EDGARDonald B. Douglas, Chief operating officer
21
SEC EDGARDavid A. Fidanza, CIO
22
SEC EDGARMuralidar Chakravarthi, Chief Technology Officer
23
SEC EDGARBrian Anthony Howell, Chief Technology Officer
24
SEC EDGARJohn Pasqual, Board member
25
SEC EDGARJoseph Gitto, Board member
26
SEC EDGARJohn Schneller, Board member
27
SEC EDGARRobert A. Desanti, Board member
28
SEC EDGARSamuel B. Fortenbaugh Iii., Board member
29
SEC EDGARJd Smith, Board member
30
SEC EDGARJefff Wayne Stellinga, Board member
31
SEC EDGARFrederick Zolla, Board member
32
SEC EDGARBrian Ray Groh, Board member
33
SEC EDGARF. Chandler Coddington Jr., Board member
34
SEC EDGARLawrence J. Shemen, Board member