Elite Pharmaceuticals Inc (ELTP): R&D is a voluntary expense for future gr...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jour_trader post# 389306

Thursday, 10/19/2023 6:51:03 AM

Thursday, October 19, 2023 6:51:03 AM

R&D is a voluntary expense for future growth.

It's nothing like rent, utilities, payroll, taxes, etc.

Elite could cut all R&D right now, which means they would also cut 5-10 employees, which means they would be very profitable, as opposed to just "barely" profitable.

Earnings include R&D. As of today they are profitable, but barely. They will continue to invest in R&D.

BLUE LIVES MATTER.

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