Can anyone explain the increase in the cost of revenue in 2014 over 2013 by 25% that listed on the income statement? It seems to me that as supplier relationships and manufacturing matures, that cost of revenue should go down. Is manufacturing a problem for Xone?
The stock is down big time. The profitability is down big time. Future investment seems not able to flex with the changing gold market. So, what justifies the raises that management is giving themselves? Perhaps increasing the dividend to shareholders would be a better use of that money?