Excluding bonus compensation, fixed and variable expenses increased slightly year-over-year due to the inflationary pressure on fixed costs, the return of traveling expenses to pre-pandemic levels, and the investments currently being made in our venture retirement service vertical, which we expect to contribute to revenues in 2023.

Aug 11, 2022 / CFO / receipt, needs a key / Sergio Puz, CFO | earnings call 2022-08-11 | transcript 8b170ac3-7277-4342-89fc-8e40f72f81cd | chars 18027-18360 | segment 18