Savvy Trades and Investments

[wadegarret]

Hweb- FONR

I didn't see any one time items. However S,G, & A went down From $6.3M to $4.9M yoy for the following reason, and the question is, is the lower S,G,&A sustainable. the decrease represented around 25% of the increase in eps yoy...

"Selling, general and administrative (S, G & A) expenses decreased 23% to $4.9 million in the first three months of fiscal 2024 from $6.3 million in the first three months of fiscal 2023. This decrease in selling, general and administrative expenses was due mainly to less reserves taken on management fees. Some of these reserves had been taken in the ordinary course of business and some in connection with the impact of the COVID-19 virus."