Selling and administrative expenses increased to $5.3 million in the fiscal third quarter of 2024 as compared to $4.7 million in fiscal third quarter of 2023, primarily attributable to higher staff-related expenses, including certain severance expenses and increases in stock-based compensation, recruiting expenses, outbound shipping costs, and professional service fees, partially offset by decreases in sales commissions, E&O insurance expenses, travel expenses, and depreciation expense.

May 9, 2024 / CFO / receipt, needs a key / Kevin Royal, CFO | earnings call 2024-05-09 | transcript 42a74b30-d577-4489-9b7b-fa999f397606 | chars 11398-11889 | segment 11