Meaning of the word "break even point" in English

What does "break even point" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

break even point

US /breɪk ˈiːvən pɔɪnt/
UK /breɪk ˈiːvən pɔɪnt/

Noun

the point at which total cost and total revenue are equal, meaning there is no net loss or gain

Example:
The company reached its break-even point after six months of operation.
Calculating the break-even point is crucial for new businesses.