Verb Technology Company Inc (VERB)

[tedpeele]

The way I understood it the 70% applies to the cost of production - gross margins. The operational costs - come after that and include auditors, attorneys and (I guess) some or most salaries. Otherwise it would be called Net Profit Margins, I think. Over time I would expect the 70 to go up.

If the reality is that 70% applies to ALL costs then for sure the numbers - especially with initial revenues - would be a lot higher. see https://www.investopedia.com/articles/fundamental/04/042804.asp

<<In the software business, gross margins are very high, while net profit margins are considerably lower. This shows that marketing and administration costs in this industry are very high, while cost of sales and operating costs are relatively low>>