Ubiquitech Software Corp (UBQU)

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In their next Fins, I'll be looking closely at any new (add'l) website and software development costs. I can see spending an initial $2.2m on proprietary software development, but I can't see justifying spending an equivalent amount on maintaining that software, at least not for a company claiming it does $5m per year (but only showing it does half that). IO will never be profitable spending half its revenues on software development and maintenance.

Like Scratch says, the expenses will tell the story...