Hi Paul,
Thanks for sharing this interesting net net. How much of the $4.4 million IT expenses do you think will be recurring? From the 10Q, it sounded like not all of it is recurring, if that is the case, the actual result is almost break even without the additional IT expenses.
"During the first nine months of our fiscal year 2015, we have incurred $1.7 million in additional capital spending related to our new IT platform. Our operating expenses for the first nine months included $4.4 million of IT expenses. This includes $1.4 million under the terms of our TSA, which terminates April 30, 2015, as well as $3.1 million of expenses associated with development and training for our new IT system, infrastructure, and support."
10Q: rell.com
Thanks,
Tony |
