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VERSES AI (VERSES AI) Research & Development : $9.50 Mil (TTM As of Dec. 2023)


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What is VERSES AI Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. VERSES AI's Research & Development for the three months ended in Dec. 2023 was $3.71 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was $9.50 Mil.

VERSES AI Research & Development Historical Data

The historical data trend for VERSES AI'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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VERSES AI Research & Development Chart

VERSES AI Annual Data
Trend Mar22 Mar23
Research & Development
- 5.88

VERSES AI Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.50 1.57 1.98 2.24 3.71

VERSES AI 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 $9.50 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.

VERSES AI  (OTCPK:VRSSF) 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.

VERSES AI Research & Development Related Terms

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VERSES AI (VERSES AI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » VERSES AI Inc (OTCPK:VRSSF) » Definitions » Research & Development
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Traded in Other Exchanges
J9A:Germany VERS:Canada
Address
205 - 810 Quayside Drive, New Westminster, BC, CAN, V3M 6B9
Website
https://www.verses.ai
VERSES AI Inc is a cognitive computing company specializing in next-generation AI and developer of KOSM, the world's first network operating system for enabling distributed intelligence. KOSM generates a shared world model of contextualized data, policies, simulations, and workflows.