RE:RE:Some notable facts and comments from, and about, Q1 reportoldtimer, your point is valid but don't forget the other side of the equation. That is the expenses related to the acquisition and integration of the Panasonic assets which won't be there in the future.
"Operating expenses increased 49% from the first quarter of 2018, with the addition of expenses from the PWS assets acquisition/integration into FLYHT’s operations. Distribution expenses increased by 67%, Administration expenses increased by 80%"