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Huge increases in R&D and marketing expenses, mostly.
by Nicholas_C 11y ago
Huge increases in R&D and marketing expenses, mostly.
- andrewcamel 11y agoDoesn't the R&D ramp look a bit unusual? 57 -> 79 -> 141? Totally destroys their margins, right in the year when they must know they're going public?
- Nicholas_C 11y agoAs a percent of revenue the R&D increase doesn't look as crazy. R&D as % of Revenue by year: 2013 39% 2014 37% 2015 44% The marketing and sales expense goes from 13% to 21% of revenue in 2015 The growth in these line items really compress their margins in 2015.