Investor Presentaiton
Sales, General and Administrative Expenses
All amounts in CAD $'000, except percentages
Sales Expenses
Sales and marketing expenses
Fees paid to sales agents
Product delivery freight expenses
Total Sales expenses
Q1 2023
General expenses
General administrative expenses
Legal, professional, consultancy and audit costs
IT/Software expenses
Taxes and licenses fees
Total General expenses
Q1 2022
YOY
(1,070)
(822)
30%
(137)
(136)
1%
(3,867)
(2,973)
30%
(5,074)
(3,931)
29%
(920)
(410)
124%
(317)
(411)
(23%)
(112)
(204)
(45%)
(23)
(16)
44%
(1,372)
(1,041)
32%
General administrative expenses increased by 125% in Q1 2023, mainly driven by an adjustment implemented to ensure alignment with accounting standards,
which involved shifting the cost center from production costs to general administrative expenses in the quarter. Furthermore, additional rental expenses were
incurred in Plant 2,
The increase in sales and marketing expenses can be primarily attributed to the implementation of a field sales team, which resulted in expenses related to car
rentals and travel.
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