I was feeling slightly negative about the Product Manufacturing and Operating Costs being 60% and 61% of revenue for the past 2 quarters, thinking that the cost of running the website (Open Markets Brokerage, Amazon AWS) might be high like that, but it probably includes a significant amount of dev costs for the SMSF Leaders Fund and the Advisor Platform. So once those are done, that 60% could come down.
So really, we're approaching break even, while investing in growth at the same time.
It was 46% 3 quarters ago and 45% 4 quarters ago. I presume there was some dev going on then too, just less.
So in the longer term (when less new products are being developed), it could come down to <45%.
I was feeling slightly negative about the Product Manufacturing...
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