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This excerpt taken from the BSQR 10-Q filed May 7, 2009. Research and development Research and development expenses consist primarily of salaries and benefits for software development and quality assurance personnel, contractor and consultant costs, component costs and related facilities and depreciation costs. Research and development expenses increased $737,000, or 114%, to $1.4 million for the three months ended March 31, 2009, from $644,000 for the year ago period. Research and development expenses represented 8% of our total revenue for the three months ended March 31, 2009 and 4% for the year ago period. The increase was primarily due to the acquisition of assets from TestQuest in November 2008 which increased research and development expense by $548,000 and also due to investments we are making in several product opportunities, particularly a product opportunity with a major silicon vendor partner. The expense effect of the aforementioned factors is expected to continue throughout the remainder of 2009, although the expense effect of the product opportunities with the major silicon vendor should begin to decline in the second half of 2009. We are continuing to execute and evolve our product strategy and expect to continue our investment in new product development initiatives; however the timing and magnitude of our investment(s) are difficult to predict. These excerpts taken from the BSQR 10-K filed Mar 26, 2009. Research and Development Our research and development organization is responsible for the design, development and release of our proprietary software products. Members of our research and development staff work closely with our sales and marketing departments, as well as with our customers and potential customers, to better understand market needs and requirements. We perform our research and development primarily utilizing our engineering staff located in the United States. Research and Development research and development staff work closely with our sales and marketing departments, as well as with our customers and potential customers, to better understand market needs and requirements. We perform our research and development primarily utilizing our engineering staff located in the United States. Research and development Research and development expenses consist primarily of salaries and benefits for software development and quality assurance personnel, contractor and consultant costs, component costs and related facilities and depreciation costs. Research and development expenses were $3.3 million in 2008 and $2.4 million in 2007, representing an increase of $900,000, or 38%. Research and development expenses represented 5% of our total revenue in 2008 and 4% in 2007. The increase in research and development expenses occurred primarily in the fourth quarter of 2008 and was primarily attributable to two factors. First, the TestQuest acquisition, which occurred in November 2008, resulted in the hiring of a number of personnel which added to wage and other expenses by approximately $350,000. Second, we began development activities on a new product initiative with a major SV in the fourth quarter of 2008 which had the effect of increasing wage and benefit expenses by approximately $350,000. The expense effect of the aforementioned factors is expected to continue throughout 2009 although the effect of the major SV project should begin to decline in the second half of 2009. We are continuing to execute and evolve our product strategy and expect to continue our investment in new product development initiatives; however the timing and magnitude of our investment(s) are difficult to predict. Research and Development Research and development costs are expensed as incurred. All costs The Company records compensation expense associated with stock These excerpts taken from the BSQR 10-K filed Feb 19, 2008. Research
and development
Research and development expenses consist primarily of salaries
and benefits for software development and quality assurance
personnel, contractor and consultant costs, component costs and
related facilities and depreciation costs.
Research and development expenses were $2.4 million in 2007
and $2.8 million in 2006, representing a decrease of
$400,000, or 14%. Research and development expenses represented
4% of our total revenue in 2007 and 6% in 2006. The decrease in
research and development expense from 2006 to 2007 related to
lower wage and contract labor costs driven in large part to the
Productivity+ development that occurred in 2006 for which there
was no similar expense in 2007.
We are continuing to execute and evolve our product strategy and
expect to continue to invest in new product development
initiatives; however the timing and magnitude of our
investment(s) are difficult to predict.
Research and development Research and development expenses consist primarily of salaries and benefits for software development and quality assurance personnel, contractor and consultant costs, component costs and related facilities and depreciation costs. Research and development expenses were $2.4 million in 2007 and $2.8 million in 2006, representing a decrease of $400,000, or 14%. Research and development expenses represented 4% of our total revenue in 2007 and 6% in 2006. The decrease in research and development expense from 2006 to 2007 related to lower wage and contract labor costs driven in large part to the Productivity+ development that occurred in 2006 for which there was no similar expense in 2007. We are continuing to execute and evolve our product strategy and expect to continue to invest in new product development initiatives; however the timing and magnitude of our investment(s) are difficult to predict. This excerpt taken from the BSQR 10-K filed Feb 16, 2007. Research
and development
Research and development expenses consist primarily of salaries
and benefits for software development and quality assurance
personnel, and related facilities and depreciation costs.
Research and development expenses in all periods exclude
expenses related to the hardware business unit, which are
included in discontinued operations.
Table of Contents
Research and development expenses were $2.8 million in 2006
and $2.0 million in 2005, representing an increase of
$800,000 or 40%. Research and development expenses represented
6% of our total revenue in 2006 and 5% in 2005. During 2006, we
increased our level of research and development in conjunction
with the SDIO Now! version releases mentioned previously as well
as the initiation and continuation of our reference design
development efforts. The increase was specifically attributable
to increased payroll and related expenses resulting from
headcount growth as well as increased allocated expenses where
service engineering personnel were contributing to the product
development effort. We are continuing to execute and evolve our
product strategy and expect to continue to invest in new product
development initiatives during 2007.
Research and development expenses were $2.0 million in 2005
and $855,000 in 2004, representing an increase of
$1.1 million or 128%. Research and development expenses
represented 5% of our total revenue in 2005 and 2% in 2004.
During 2005, we increased our level of research and development
significantly in conjunction with the SDIO Now! version releases
mentioned previously as well as the initiation of our PMP and
other reference design development efforts. The increase was
specifically attributable to increased payroll and related
expenses resulting from headcount growth as well as increased
allocated expenses where service engineering personnel were
contributing to the product development effort.
This excerpt taken from the BSQR 10-Q filed Aug 12, 2005. Research and development
Research and development expenses consist primarily of salaries and benefits for software development and quality assurance personnel, and related facilities and depreciation costs. Research and development expenses in all periods exclude expenses related to the discontinued hardware business unit, which are included in loss from discontinued operations.
Research and development expenses were $447,000 and $168,000 during the three months ended June 30, 2005 and 2004, respectively, representing an increase of 166%. As a percentage of total revenue, research and development expenses were 4% and 2% during the three months ended June 30, 2005 and 2004, respectively. In the six months ended June 30, 2005 and 2004, research and development expenses were $833,000 and $345,000, respectively, representing an increase of 141%. As a percentage of total revenue, research and development expenses were 4% and 2% during the six months ended June 30, 2005 and 2004, respectively. These increases
20
resulted from a renewed focus on our proprietary products strategy and resulting investment therein. Specifically, these increases related primarily to an incremental increase in headcount including the hiring of a Vice President of Products in January of 2005 and related fringe benefits, travel and other expenses. Additionally, corporate overhead (e.g. facilities costs) charged to research and development increased based on the resulting increase in headcount. We expect to increase our investment in research and development in the future.
This excerpt taken from the BSQR 10-Q filed May 12, 2005. Research and development
Research and development expenses consist primarily of salaries and benefits for software development and quality assurance personnel, and related facilities and depreciation costs. Research and development expenses in all periods exclude expenses related to the discontinued hardware business unit, which are included in loss from discontinued operations.
Research and development expenses were $386,000 and $177,000 in the three months ended March 31, 2005 and 2004, respectively, representing an increase of 118%. As a percentage of total revenue, research and development expenses were 4% and 2% in the three months ended March 31, 2005 and 2004, respectively. This increase stems from a renewed focus on our proprietary products strategy and resulting investment therein. Specifically, the increase relates primarily to incremental headcount including the hiring of a Vice President of Products in January of 2005. We expect to increase our investment in research and development in the future as opportunities present themselves.
This excerpt taken from the BSQR 10-K filed Mar 11, 2005. Research and development Research and development expenses consist primarily of salaries and benefits for software development and quality assurance personnel, and related facilities and depreciation costs. Research and development expenses in all periods exclude expenses related to the hardware business unit, which are included in discontinued operations. Research and development expenses were $855,000, $1.8 million and $10.7 million in 2004, 2003 and 2002, respectively, representing a decrease of 52% and 84% in 2004 and 2003, respectively. As a percentage of total revenue, research and development expenses were 2%, 5% and 29% in 2004, 2003 and 2002, respectively. The decrease in research and development expenses for 2004 and 2003 as compared to 2002 were due to reductions made in the first half of 2003 in our developer workforce targeting proprietary software products as well as reductions in our facilities costs. Specifically, we terminated a number of unprofitable proprietary products and associated development efforts in 2003 and, consequently, terminated a number of development personnel. In the third quarter of 2004, we began increasing our research and development workforce coinciding with our increased focus on proprietary products initiatives. We plan to continue to invest in developing proprietary products over the coming quarters and expect research and development expense to increase. | EXCERPTS ON THIS PAGE:
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