Thursday, April 02, 2020 9:28:20 PM
The "Other G&A" expense line had an average quarterly spend of $215k for the first three quarters. However, Quarter 4 saw the spend at only $29k. What was cut? Was it important for the company? If not, why and on what were we spending $215k per quarter?
...and why are over 1/3 of the operational expenses lumped into an "OTHER G&A" account. Makes me wonder if someone wants to hide payroll figures.
Similar cutbacks for "Sales Support". The first three quarters averaged $98k spending, while the 4th quarter dropped to $36k. What was cut? Was it important for the company? If not, why and on what were we spending $215k per quarter?
R&D was reduced by nearly $40k during the 4th quarter, versus the first three quarters. What was cut? Was it important for the company? If not, why and on what were we spending $215k per quarter?
Why did the 'Cost of Goods Sold' to 'Sales' ratio increase from an average of 32% during the first three quarters to 64% in the fourth quarter? This caused the Gross Profit to drop from 68% during the first 9-months of 2019 to only 36% during the 4th quarter.
Something isn't right.
All of my comments are based on my own due diligence and are only my opinion. Please conduct your own due diligence and research before deciding whether to buy or sell any stock. My posts are for entertainment only.
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