Is the arms making bit coming along? I haven’t heard any mention of it in the last two calls. Still have to go through the annual reports and understand what the intangible assets are.
One thing that’s good is that the pace is growth of these intangible assets has slowed down compared to the growth in sales. My speculation is that most of them do be licenses and patents etc for Frog. It’s a software product company of sorts, so revenues and profits come later, capabilities come first.
If anyone already knows the details, please do share.
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