Those of us that have been round long enough know that 4th quarter R&D expenditure is always up because that is when annual payments to Leti are paid.
I am disappointed that it is pretty much on the same level as last years pcp. I thought they got paid on milestones, so I want to see that expenditure going up to tell me they have achieved more this year than last.
WBT Price at posting:
$2.32 Sentiment: Hold Disclosure: Held
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