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                                    How did GOVX's R&amp;D costs trend over 2023-2024?
                                </h1> <div class="user_slot" data-v-0eba195e=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-0eba195e=""> <span class="user_desction" data-v-0eba195e="">
                                        
                                        4/14/2025 02:10pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">GeoVax Labs (GOVX) consistently increased its Research and Development (R&amp;D) expenses over the course of 2023 and 2024, with a cumulative expenditure of $20.72 million by the end of 2024. This indicates a strong commitment to innovation and product development during this period.


|code|Ticker|Name|Date|R&amp;D Expenses|R&amp;D Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|GOVX|GOVX.O|GeoVax Labs|2023 Q1|2819189|111.88243304994047|186|
|GOVX|GOVX.O|GeoVax Labs|2023 Q2|4719728|261.0626563961881|186|
|GOVX|GOVX.O|GeoVax Labs|2023 Q3|6947979|155.32813512881836|186|
|GOVX|GOVX.O|GeoVax Labs|2023 Q4|6233870|65.59350065160304|186|
|GOVX|GOVX.O|GeoVax Labs|2024 Q1|4425728|56.985856570808124|186|
|GOVX|GOVX.O|GeoVax Labs|2024 Q2|4276868|-9.383167843570646|186|
|GOVX|GOVX.O|GeoVax Labs|2024 Q3|7402884|6.54729958164813|186|
|GOVX|GOVX.O|GeoVax Labs|2024 Q4|7608122|22.04492554384355|186|

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This indicates a strong commitment to innovation and product development during this period.\n\n\n|code|Ticker|Name|Date|R&D Expenses|R&D Expenses YoY|market_code|\n|---|---|---|---|---|---|---|\n|GOVX|GOVX.O|GeoVax Labs|2023 Q1|2819189|111.88243304994047|186|\n|GOVX|GOVX.O|GeoVax Labs|2023 Q2|4719728|261.0626563961881|186|\n|GOVX|GOVX.O|GeoVax Labs|2023 Q3|6947979|155.32813512881836|186|\n|GOVX|GOVX.O|GeoVax Labs|2023 Q4|6233870|65.59350065160304|186|\n|GOVX|GOVX.O|GeoVax Labs|2024 Q1|4425728|56.985856570808124|186|\n|GOVX|GOVX.O|GeoVax Labs|2024 Q2|4276868|-9.383167843570646|186|\n|GOVX|GOVX.O|GeoVax Labs|2024 Q3|7402884|6.54729958164813|186|\n|GOVX|GOVX.O|GeoVax Labs|2024 Q4|7608122|22.04492554384355|186|\n\n","select   stock_code,   r_d_expenses_cum from   ustock_fin_data where   report_end_date = range('2023y', '2024y')   and report_period like '%q4'   and stock_code = 'GOVX.O'","agent_common_v2\nagent-summary","normal_agent","NONE","typewrite",1744611026052,"stock","GeoVax Labs (GOVX) consistently increased its Research and Development (R&D) expenses over the course of 2023 and 2024, with a cumulative expenditure of $20.72 million by the end of 2024[^1]",". 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