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And Q4 non-GAAP operating expense growth will likely be another 2 points, 3 points lower than Q3.
And that's mostly just math in terms of much better revenue profile to cover operating expense, which remains relatively flat as we go through the year.
Notably, its operating expense grew by 23%, totaling $41.3 million, reflecting strategic investments.
Our operating expense at the time of the spin had very little reflection of any reinvestment in pipeline.
Pro forma operating expense growth for the year is expected to be between 12% and 15%, with non-cash stock compensation expense forecasted to range between $600 to $620 million.
That said, we will continue to invest to take advantage of market opportunities and non-GAAP operating expense is expected to be up on a full year basis.
We expect a slight sequential decrease in second quarter operating expense.
We then anticipate operating expense growth will flatten in the second half of the year as we recognize economies of scale across our portfolio.
With daily vessel operating expense of $5,396, EBITDA has been robust.
Source: https://investorplace.com/2023/06/3-penny-stocks-to-buy-with-surprisingly-high-dividends/