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Hero Innovation Group (XCNQ:HRO) Research & Development : C$0.52 Mil (TTM As of Dec. 2023)


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What is Hero Innovation Group Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Hero Innovation Group's Research & Development for the three months ended in Dec. 2023 was C$0.02 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was C$0.52 Mil.

Hero Innovation Group Research & Development Historical Data

The historical data trend for Hero Innovation 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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Hero Innovation Group Research & Development Chart

Hero Innovation Group Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Research & Development
0.84 0.55 0.28 1.41 0.84

Hero Innovation Group Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.27 0.18 0.06 0.02

Hero Innovation 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.52 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.

Hero Innovation Group  (XCNQ:HRO) 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.

Hero Innovation Group Research & Development Related Terms

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Hero Innovation Group (XCNQ:HRO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Hero Innovation Group Inc (XCNQ:HRO) » Definitions » Research & Development
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Traded in Other Exchanges
N/A
Address
422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4
Website
https://www.heroinnovationgroup.com
Hero Innovation Group Inc is a financial technology company. The company delivers innovative financial solutions for the next generation of consumers whose parents demand safety, security, and peace of mind while promoting financial literacy for the future. The company's products include Hero financials and SideKick Card.

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