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This is the expense the company spent on research and development. Cowen Group, Inc.'s research and development for the three months ended in Mar. 2014 was $4.5 Mil. Its research and development for the trailing twelve months (TTM) ended in Mar. 2014 was $9.2 Mil.
This is the expense the company spent on research and development.
Cowen Group, Inc. Research & Development for the trailing twelve months (TTM) ended in Mar. 2014 was 4.659 (Jun. 2013 ) + 0 (Sep. 2013 ) + 0 (Dec. 2013 ) + 4.514 (Mar. 2014 ) = $9.2 Mil.
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.
Cowen Group, Inc. Annual Data
|Research & Development||0.0||0.0||0.0||0.0||8.6||7.8||14.5||16.7||0.0||0.0|
Cowen Group, Inc. Quarterly Data
|Research & Development||4.4||3.8||3.8||0.0||0.0||4.1||4.7||0.0||0.0||4.5|