Some tidbits from the PPMT 10k. Bold emphasis is mine
"Consulting service income for the year ended May 31, 2016 consisted of CFO, Accounting, Management Consulting and Tax Services. The change in service income is attributable to new clients and increased billing to our existing clients.
Cost of revenues for the year ended May 31, 2016 totaled $676,183 and was comprised of salaries and compensation expenses of $320,327 and other overhead expenses of $355,856. These costs are directly attributable to work performed on the client accounts by any employee in the organization and include costs for outside temporary consultants, office needs and other overhead expenses. Our gross margin improved significantly compared to 2015 because our pricing has improved and our staff has been more billable."
"Selling, general and administrative expenses for the year ended May 31, 2016 was $489,135
Selling, general and administrative expenses for the year ended May 31, 2015 was $553,968"
59% increase in revenue, lower SG&A expenses, love it!
"Cost of revenues for the year ended May 31, 2016 totaled $676,183
Cost of revenues for the year ended May 31, 2015 totaled $549,844"
59% increase in revenue, only 23% rise in cost of revenue, love it!
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