Quote:
Originally Posted by complexion
lol yeah don't even know how I did that. Regardless, $150 million is still an absurd number?
Not really
Research and development is expensive as salaries and wages for top notch staff are likely very high.
Throw in administrative overhead for management, accounting and legal and you have a significant salaries and benefits line item already.
Actually I decided to pull up their financial report.
Annual expenses approximate 300k
Development is 200k of that
I'm surprised professional services aren't significant enough to be it's own line item
Perhaps that's handled by a parent company but I've already spent too much of my life on this so I'm not looking it up or reading the notes.
Regardless, you are right
150mm too much