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These excerpts taken from the API 10-K filed Jun 29, 2009. Research and Development
expenses (R&D) -- The Company’s R&D
costs increased by $458,000 (or 11%) on revenue increases of 28%. R&D
expenses were $4.7 million (16% of sales) during FY 2009 compared to $4.2
million (18% of sales) in FY 2008. The increase was attributable to the
Company’s planned increased R&D spending as we continued to focus on new
opportunities in our high growth High Speed Optical Receiver and THz product
platforms. The majority of this increase was funded by increased R&D
contract revenue. The Company expects to continue to increase investment in the
next generation 40G/100G HSOR products and THz applications in FY 2010 in order
to gain HSOR market share and move THz from the laboratory to the factory floor.
22 Research and Development expenses (R&D) -- The Company’s R&D costs increased by $458,000 (or 11%) on revenue increases of 28%. R&D expenses were $4.7 million (16% of sales) during FY 2009 compared to $4.2 million (18% of sales) in FY 2008. The increase was attributable to the Company’s planned increased R&D spending as we continued to focus on new opportunities in our high growth High Speed Optical Receiver and THz product platforms. The majority of this increase was funded by increased R&D contract revenue. The Company expects to continue to increase investment in the next generation 40G/100G HSOR products and THz applications in FY 2010 in order to gain HSOR market share and move THz from the laboratory to the factory floor. 22 | ||||
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