Hi there Fangk,
Correct, selling and admin expenses have increased by $4.30m to $12.40m for the half year.
This is no surprise, and has been previously flagged by management, as the increase is attributable to ARX building up their US sales force.
I am expecting the full year sales and admin cost to be around $25m, so a half year figure of $12.40m is on target.
This is basically an investment that will provide high rate of return in future years.
The company will likely be EBITDA positive in 2024.
Good luck
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Price($) | Vol. | No. |
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0.560 | 22665 | 2 |
0.565 | 5 | 1 |
0.570 | 15662 | 4 |
0.575 | 50000 | 1 |
0.585 | 1190 | 1 |
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