Selling general and administrative expenses for the year ended December 31, 2024, were $11 million, an increase of $1.3 million, or 13%, as compared to $9.7 million for the year ended December 31, 2023. The increases were primarily due to an increase in professional fees, stock-based compensation, salaries, and travel as a result of our international expansion efforts.

Mar 31, 2025 / CFO / receipt, needs a key / Chris Panagiotakos, CFO | earnings call 2025-03-31 | transcript 8cd32992-5551-479f-b7f7-b7f95c75f6ff | chars 12355-12726 | segment 12

Selling general and administrative expenses for the nine months ended September 30, 2024 were $8.1 million, an increase of approximately $1.2 million, or 17%, as compared to $6.9 million for the nine months ended September 30, 2023. The increases were primarily to an increase in professional fees, salaries, stock-based compensation, and travel as a result of our international expansion efforts.

Nov 14, 2024 / CFO / receipt, needs a key / Chris Panagiotakos, CFO | earnings call 2024-11-14 | transcript 8ed13d9b-b870-4d09-b734-3319a298eed7 | chars 12942-13339 | segment 13

Selling, general, and administrative expenses for the three months ended June 30, 2024, were $2.8 million, an increase of approximately $325,000, or 13%, as compared to $2.5 million for the three months ended June 30, 2023. Selling, general, and administrative expenses for the six months ended June 30, 2024, or $5.5 million, an increase of approximately $947,000, or 21%, as compared to $4.6 million for the six months ended June 30, 2023. The increases were primarily due to an increase in advertising expense, professional fees associated with our international expansion efforts, salaries, stock-based compensation, and travel.

Aug 14, 2024 / CFO / receipt, needs a key / Chris Panagiotakos, CFO | earnings call 2024-08-14 | transcript 0d2e26bc-17c7-44b9-a84b-6700c5c7d0cf | chars 11659-12291 | segment 11