Aqua Power Systems Inc (APSI)

[Roofus]

General and Administrative costs:

Was only 21.3% of total revenue in Q1.
Was 43.6% of total revenue in Q2.

That category is not always going to be 43% each Quarter, as they had a bunch of one time expenses that occurred in Q2 that should not occur every Quarter.

They’ve already said Q3 and Q4 are their biggest Quarters of the year in total revenue. Even if they can keep General and Administrative costs down at 30% of total revenue (let alone 21%), then they will be very profitable going forward.