Aytu BioScience Inc. (AYTU): Now where I have AN ENORMOUS PROBLEM is...

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Aytu BioScience Inc. (AYTU)

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FancyThatRightThere

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FancyThatRightThere

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Tuesday, 12/19/2017 1:39:17 AM

Tuesday, December 19, 2017 1:39:17 AM

Now where I have AN ENORMOUS PROBLEM is in S G & A. Based on the last Q filing, the ANNUAL SG&A expense is $19.2 million. For $4 million in sales? That is beyond ridiculous!

Aytu has 60 employees; 52 of those are salespeople. Five of the hierarchy chew up $1 mil per year. The rest admins. That means the average salesperson cost is $300K per year? I don't think so!

Especially considering an Account Manager position with Aytu is on Glassdoor at $50K per year. Regional Sales Manager, of which there are four, is $129K per year. This equals a shade over $4 million per year FOR ALL SALARIES.

Josh needs to answer IMMEDIATELY where $15 million per year is disappearing to.

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Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:12:26 PM
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