That is a tuff act to reduce expenses to bare bones Wave.
SplitIt are performing research & development to advance the technology to move forward that was one part of the last CR - new capabilities that do not exist today. In the meantime, they need sales people to get the product moving to form partnerships, it costs money to get descent experience staff. So whats left to cut back - the building lease, company cars and admin costs.. ? It would be still good to see the expenses broken down and compared quart-to-quarter with an explanation as to why it is happening. Accountability.
If the cost of revenue jumped to 20% next quarter and they justified the expenses in sales and R&D breakthroughs, would it matter?
Add to My Watchlist
What is My Watchlist?