Our total SG&A expenses grew 16.6% in the quarter to $38.2 million, representing 32.6% of total revenue. And our Q1 SG&A includes about $1.2 million related to our annual dealer conference that we held in January. It also includes approximately $0.5 million for NADA, which a lot of you know is a car dealer trade show, where we intentionally boosted our presence this year and plan to do so on a go-forward basis.

May 6, 2026 / CFO / receipt, needs a key / Barry Wood, CFO | earnings call 2026-05-06 | transcript 0b08c14b-3ea3-4ede-a183-3c81d9a1fddb | chars 13813-14227 | segment 14

And part of this quarter-over-quarter growth is due to increases in travel-related expenses as our team has returned to conducting more in-person meetings and providing more outbound training and holding more marketing events. And we think this is important after the last two years of limited in-person contact. And we're actually happy to see these expenses increasing as we think we get great returns on that investment for sure.

Aug 9, 2022 / CFO / receipt, needs a key / Barry Wood, CFO | earnings call 2022-08-09 | transcript 2c4ffc61-e1e8-4290-99ab-b57142265c03 | chars 16164-16596 | segment 16