GREY:XEBEQ - Post by User
Post by
tamaracktopon Oct 28, 2021 3:13pm
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Post# 34060287
Operating margins, and SG&A expenses.
Operating margins, and SG&A expenses.Selling, general and administrative expenses have severely crimped margins.
Xebec lost $16.7 million in the first six months of the year.
SG&A expenses rose $14.6 million over the same period, to $23.2 million from $8.6 million a year earlier.
Because of the Hygear and Inmatec acquisitions.
Higher SG&A effectively neutralized Xebec's chance at profitability.
I sincerely hope to see them get some control over that particular item on the income statement.