RE:RE:If I understand well...Follow where the money went .
Operating expenses for FY 2022 were
$28.8 million compared with
$19.6 million for FY 2021. The increase in operating expenses is primarily due to increased headcount in sales and marketing, research and development, and administration in preparation for the Company's launch of the SavvyWire for which the Company received regulatory clearance in
Canada and
United States $3.2 million for operating expenses
$0.6 million for foriegn exchange
Q4/2022 2021 fY2022 FY2021
| Sales and marketing | 4,339 | 2,191 | 12,576 | 7,649 |
| Research and development | 2,244 | 1,340 | 8,358 | 5,510 |
| | | |
Seems to be in line with commercializing a product ; takes money to make money. Considering full scale release under way now in Canada and scheduled in U.S. later this year - sales should increase.