RE:RE:RE:Why is management so bullish on H2 2021 and beyond?SparkAg using your numbers and yearly revenues figures for Agjunction provided by tsx.com . I get $35.28 million in R and D for the years 2016-20.
Figures below
2016 - $42.26 million @ 18.3% = $7.73 million
2017 - $46.78 million @ 17.65% = $8.20 million
2018 - $64.52 million at 13.16% =$8.49 million
2019 - $15.98 million at 15.48% = $6.07 million
2012- $24.42 million at 29.42% = $4.79 million
This is an impressive amount of cash
When you google R and D expense percentages - you get
"In the U.S., a typical ratio of research and development for an industrial company is about 3.5% of revenues. A high technology company such as a computer manufacturer might spend 7%." If R and D continues at a 15% rate as management is guiding towards ........