Banxa Holdings (TSXV:BNXA) Research & Development : C$1.7 Mil (TTM As of Dec. 2023)

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What is Banxa Holdings Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Banxa Holdings's Research & Development for the three months ended in Dec. 2023 was C$0.5 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was C$1.7 Mil.

Banxa Holdings Research & Development Historical Data

The historical data trend for Banxa Holdings's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Banxa Holdings Research & Development Chart

Banxa Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Research & Development

0.28

0.70

2.08

1.78

Banxa Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Research & Development	Get a 7-Day Free Trial												0.47	0.38	0.36	0.46	0.49

Banxa Holdings Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.7 Mil.

Banxa Holdings (TSXV:BNXA) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Banxa Holdings Research & Development Related Terms

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Banxa Holdings (TSXV:BNXA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Banxa Holdings Inc (TSXV:BNXA) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

BNXAF:USA AC00:Germany

Address

2-6 Gwynne Street, Level 2, Melbourne, VIC, AUS, 3121

Website

https://www.banxa.com

Banxa Holdings Inc is a payments service provider for the digital asset space. It offers a cryptocurrency gateway platform to other businesses in the industry. The company's goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. Geographically, it operates in Australia, North America and Europe and derives a majority of its revenue from Europe.

Executives

Holger Roman Arians	Senior Officer
Zafer Alam Qureshi	Director

Banxa Holdings (TSXV:BNXA) Headlines

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