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Against the $26.6M quarterly OpEx, there should be adequate capital to fund operations into the next three years (i.e., 3Q2025).
And every feedback item we heard was positive because it checked those boxes, not just am I OpEx short-term GAAP accretive, but people agree with us, this is long-term accretive to the value of your company.
And I mean, you saw kind of modest growth in OpEx despite record revenues this year and very strong organic top line.
And then in OpEx, we -- the main thing there is that we are keeping employees relatively flat throughout the year, and most of the OpEx is driven by employees.
And then in OpEx, we -- the main thing there is that we are keeping employees relatively flat throughout the year, and most of the OpEx is driven by employees.
And then just quickly on other OpEx, what are you seeing in terms of utility and other inflationary cost lines in that line?
And they've now taken down some of their OpEx spend reductions, they've reduced their CapEx and now they're getting back to business as usual.
Are they focused, sort of balanced between OpEx and above the line, or how should we sort of maybe dial that into our models?
But I would generally break down that question between our view on the gross profit margins and the OpEx.
But next year, when we're rolling into next year, could we see the absolute OpEx value dialed down a little bit?
Even large game devs continue to axe employees as they aim to cut OpEx and focus on being profitable.
GAAP OpEx for 2023 is expected to decrease by $3 million to $4 million and non-GAAP OpEx for 2023 is expected to increase only by $1 million to $2 million.
GAAP OpEx for 2023 is expected to decrease by $3 million to $4 million and non-GAAP OpEx for 2023 is expected to increase only by $1 million to $2 million.
However, we expect quarter four to be a little bit heavier on the OpEx side as we increase again the investment pace on some of the investments that we hope to have activated for capacity towards the end of next year.
Moving to an OpEx model where expenses are directly tied to usage helps media companies best match their costs to just the work required.
Source: https://www.newscaststudio.com/2023/02/07/industry-insights-2023-outlook-distribution-delivery/
So, as you know, we don't give specific OpEx guidance, but I'm happy to provide some color directionally I mean, obviously, we're going to see an increase in 2023 relative to 2022 in overall spend.
So we are looking at a reduction of $9 million to $12 million from a run rate of $104 million approximately in OpEx.
These reductions are on top of our net year-over-year OpEx reduction of $11 million.
The updated FS would provide much more clarity on the project, including the impact of inflation on OpEx and whether Berry would make a notable contribution.
This represents another quarter of very disciplined cost management as we generated 800 basis points of OpEx leverage.