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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. 2015 was $6.5 Mil. Its research and development for the trailing twelve months (TTM) ended in Mar. 2015 was $24.9 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. 2015 was 5.635 (Jun. 2014 ) + 6.577 (Sep. 2014 ) + 6.171 (Dec. 2014 ) + 6.47 (Mar. 2015 ) = $24.9 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||8.6||7.8||14.5||16.7||0.0||17.4||22.9|
Cowen Group, Inc. Quarterly Data
|Research & Development||0.0||4.1||4.7||3.5||5.1||4.5||5.6||6.6||6.2||6.5|