New Found Gold (New Found Gold) Research & Development : $0.95 Mil (TTM As of Dec. 2023)

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What is New Found Gold Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. New Found Gold's Research & Development for the three months ended in Dec. 2023 was $0.19 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was $0.95 Mil.

New Found Gold Research & Development Historical Data

The historical data trend for New Found Gold'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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New Found Gold Research & Development Chart

New Found Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

0.85

0.95

New Found Gold Quarterly Data
	Jun19	Sep19	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														0.18	0.26	0.24	0.26	0.19

New Found Gold 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 $0.95 Mil.

New Found Gold (AMEX:NFGC) 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.

New Found Gold Research & Development Related Terms

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New Found Gold (New Found Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Found Gold Corp (AMEX:NFGC) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

5QG:Germany NFG:Canada

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.newfoundgold.ca

New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Company's exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).