Beyond Commerce Inc (BYOC)

[Kramer_Newman]

So in the PR they said (along with top line a top line revenue increase) that gross margin percentage also increased.

I gotta accounting background - not a reporting background. However, I believe in the gross margin %age, only the expenses incurred to earn the revenue are picked up. Good that this increased. Q2 2021 vs. Q2 2020.

'Operational Expenses' has a much broader definition, or in other words, more stuff can go into it. For example, all the SG&A (Sales, General & Administrative expenses) related to merger & acquisition work can go here, especially for reporting purposes. Without an earnings call, we do not see the breakdown of what BYOC calls 'Operational Expenses'.

However, I do believe that some, like institutional investors and/or MM's that have accumulated (or transacted - can't remember exactly what Trek stated) ~$57M over the last year do know the magnitude of the investment into M&A activities BYOC has made and are betting on it.

I am too.

kn