HiInteresting how to attribute cost of goods sold. In my opinion...

Hi

Interesting how to attribute cost of goods sold.
In my opinion most of ADO costs were in IP and product development and testing over the last couple of years as well as the sales activities in supporting POC 1 and POC 2. Yes they did receive some up front payments but do not believe it would go any where near covering all costs.

Hence once these deals are done the margins will be very high as the cost to produce the product will be very low, however would expect significant reinvestment into the next product / deal.

Hence difficult to compare margin with traditional business model and why ADO is so attractive as an investment as once deals are in place there there is very little to impact the cost of producing goods sold.

GLTA

TC