WEJWF (Wejo Group) Research & Development : $36.31 Mil (TTM As of Mar. 2023)

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What is Wejo Group Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Wejo Group's Research & Development for the three months ended in Mar. 2023 was $9.71 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2023 was $36.31 Mil.

Wejo Group Research & Development Historical Data

The historical data trend for Wejo 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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Wejo Group Research & Development Chart

Wejo Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Research & Development

10.25

7.68

26.27

33.89

Wejo Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Research & Development	Get a 7-Day Free Trial							7.30	9.42	8.23	8.95	9.71

Wejo 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $36.31 Mil.

Wejo Group (OTCPK:WEJWF) 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.

Wejo Group Research & Development Related Terms

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Wejo Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wejo Group Ltd (OTCPK:WEJWF) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canon’s Court, Hamilton, BMU, HM12

Website

https://www.wejo.com

Wejo Group Ltd provides software and technology solutions to various market verticals in combination with services that utilize ingested and standardized connected vehicle and other high volume, high value datasets through its proprietary cloud software and analytics platform, Wejo Neural Edge (which includes Wejo ADEPT platform). The Company's sector solutions, delivered at this time in North America and Europe, provide valuable insights to its customers in public and private organizations, including, but not limited to, OEMs, first-tier (Tier 1) automotive suppliers, fleet management companies (Fleets), departments of transportation, retailers, mapping companies, universities, insurance companies, advertising firms, construction firms and research departments.