Cost reduction explanation from E. Cleave:
"On the cost side, we recognized operating costs of $42.5 million in Q3 2023, which is a reduction from the $45.6 million incurred in Q2 2022. The decrease in operating cost is primarily a result of the lower overall sales volumes in the quarter. This includes a reduction in the sale of purchased products and lower royalties due to lower sales."
WT? How can you say that there was cost reduction beause you had a lower sales volume? This means that there was zero cost reduction and even that your actual costs went up