The year-over-year increase was attributable to higher investments in public company expenses at Arcadia, people-related costs to support growth, as well as stock-based compensation and travel expenses.

Feb 23, 2023 / CEO / receipt, needs a key / David Aldis, CEO | earnings call 2023-02-23 | transcript bac7921b-db88-4b51-8483-258783c87799 | chars 9125-9327 | segment 9