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Bullboard - Stock Discussion Forum IWG TECHNOLOGIES INC V.IWG

"IWG Technologies Inc through its subsidiary is engaged in developing, manufacturing and selling aircraft water treatment equipment, on-demand water heaters and water systems."

TSXV:IWG - Post Discussion

IWG TECHNOLOGIES INC > One time expenses
View:
Post by Sir_Holler on Aug 06, 2014 11:50am

One time expenses

"Engineering and product development expenses of $249,562 for the quarter represent a 109% 
increase from $119,595 the prior year. For the nine month period, expenses of $589,539 are 52%higher than $386,994 in the previous year. In both cases, these increases are due to expensing
costs in the third quarter related to prior modifications to a product, and shifting engineering 
resources to near term sustaining engineering efforts. These expenses are not expected to 
continue at the same level given upcoming product development projects that meet the strict 
criteria for capitalization."

 
 
Comment by mjh9413 on Aug 07, 2014 6:48am
..and let me apologise and congratulate mgmt as they have improved their forex contract commitments in line with prevailing and mid-term potential for CAD vs USD and with much lower outstandings. They even made a forex profit in last qtr. Well done and thanks. Can they get over 2c eps fy to justify further sp improvement? It wud need about $150K more in net to do this..
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