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Major Drilling Group International (Major Drilling Group International) Research & Development : $0.0 Mil (TTM As of Oct. 2023)


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What is Major Drilling Group International Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Major Drilling Group International's Research & Development for the three months ended in Oct. 2023 was $0.0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Oct. 2023 was $0.0 Mil.


Major Drilling Group International Research & Development Historical Data

The historical data trend for Major Drilling Group International'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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Major Drilling Group International Research & Development Chart

Major Drilling Group International Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Research & Development
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Major Drilling Group International Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Major Drilling Group International Research & Development Calculation

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

Research & Development for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

* 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.


Major Drilling Group International  (OTCPK:MJDLF) 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.


Major Drilling Group International Research & Development Related Terms

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Major Drilling Group International (Major Drilling Group International) Business Description

Traded in Other Exchanges
Address
111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7
Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (Major Drilling Group International) Headlines