The bulk of the difference between operating income and net income in a research driven company is the R&D. They are running at 11% just under $1 billion per year. A publically traded company can’t really hide their research costs, only obscure it for the uniformed.
Their net income is 37% of revenue. So they are paying for over 4 years of research for every year (3 past years plus current gear). So their argument they need the high prices to cover past research costs is pure bullshit. I’d give them the current year and one past year. But 4 years?
This is pure price gouging for profit over people’s lives. Invalidating their patent is fully justified.
Just some basics about the company.
The bulk of the difference between operating income and net income in a research driven company is the R&D. They are running at 11% just under $1 billion per year. A publically traded company can’t really hide their research costs, only obscure it for the uniformed.
Their net income is 37% of revenue. So they are paying for over 4 years of research for every year (3 past years plus current gear). So their argument they need the high prices to cover past research costs is pure bullshit. I’d give them the current year and one past year. But 4 years?
This is pure price gouging for profit over people’s lives. Invalidating their patent is fully justified.