I see that understanding financials might not be your strength. Expenses increased for the following reasons: The increase was due to: (i) higher legal and consulting fees related to business development and strategic initiatives, including expenses associated with the G5 acquisition, as well as increased sales and marketing spend to promote new products; (ii) an increase in materials spend for internally funded new product development projects; and (iii) an increase in the fair value of acquisition liabilities of $1.4 million.
They purchased a company and are spending more on sales and marketing folks in order to gain addition purchase orders for a technology that replaces a reliance on Chinese rare earth materials. And the best part is that it's working now. Some of the increase in share count involved the purchase of that company. Just because two companies received discounted shares in exchange for cash doesn't mean the shares are worth $5. I expect the stock to trade between $7-10 for the rest of the year. But who knows what the momo crowd will do to this stock short term.
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