The even more pessimistic
The even more pessimistic view on the company's operations and integrity would be to assume that there is some kind of kickback scheme being used to inflate sales which lands in this expense line item as an offset to sales.I can't say with certainty that there isn't any other type of fraud going on here just by looking at these numbers, but it would serve shareholders well if MDXG management provided some more clarity around the SG line item. Right now it sits as fodder for shorts and rightfully so; one could look at the bulky number and surmise that there is a severe operating inefficiency or outright shady activity going on here. It is the company's responsibility to be proactive in clarifying this line item, especially in the situation MDXG currently finds itself.I think MDXG has been punished more than it should for this delay in its audited financials.
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All forward looking statements that are made on today's call are subject to the risks and uncertainties that could cause our actual results to differ materially. These risks are discussed in greater detail in our annual reports on Form 10 K and quarterly reports on Form 10 Q under the caption, Risk Factors.With that, I will now hand the call over to Rick Smith, our CEO and Founder.Thank you, Andrea, and good afternoon, everyone. Thanks for joining our call and thank for your interest in Axon.
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Unlike creating software in your mom's garage, the process for making physical computer chips is still industrial. A whole litany of solvents and degreasers are involved chemicals like trichloroethylene, which are super dangerous to human health and shouldn't under any circumstances make their way into groundwater. Which is of course exactly what happened.
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