X1 Entertainment Group (XCNQ:XONE) Research & Development : C$0.06 Mil (TTM As of Feb. 2024)

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What is X1 Entertainment Group Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. X1 Entertainment Group's Research & Development for the three months ended in Feb. 2024 was C$0.02 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Feb. 2024 was C$0.06 Mil.

X1 Entertainment Group Research & Development Historical Data

The historical data trend for X1 Entertainment Group'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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X1 Entertainment Group Research & Development Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

Research & Development

0.17

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Research & Development	Get a 7-Day Free Trial						0.08	0.02	0.02	0.02	0.02

X1 Entertainment Group Research & Development Calculation

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

Research & Development for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.06 Mil.

X1 Entertainment Group (XCNQ:XONE) 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.

X1 Entertainment Group Research & Development Related Terms

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X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.

Executives

Adam Giddens

Director, Senior Officer