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DRJ69

05/17/24 5:29 PM

#51524 RE: theSauceman #51462

They expensed the costs of these two acquisitions in the first quarter. That is one reason they had a loss this quarter. No revenues were included from the two new companies. They will incur interest expense going forward for the borrowings, but this is typically a business expense of doing business. The loss they booked in this first quarter is an unordinary expense, not a recurring expense to the business, usually a one time event.