Why did Anteris Technologies' operating expenses surge in Q4 2024?

The operating expenses of Anteris Technologies surged in Q4 2024 due to several factors: 1. **International Business Expansion**: The company's international businesses experienced significant growth, with total revenue reaching RMB228.7 million in 2024. This expansion likely led to increased expenses related to operating in new markets and adapting to local regulations. 2. **Research and Development**: Anteris Technologies continued to invest in research and development, with R&D expenses growing by 7.8% sequentially to NT$4.33 billion. This indicates that the company is likely developing new products or technologies, which can be costly. 3. **Marketing and Sales**: Despite a decrease of 13.0% in sales and marketing expenses to NT$0.62 billion, the company's solid omnichannel distribution capabilities and proactive expansion into international businesses contributed to the increase in operating costs. This suggests that the company is investing in marketing and sales activities to support its growth initiatives. In conclusion, Anteris Technologies' operating expenses surged in Q4 2024 due to a combination of factors including international business expansion, research and development, and marketing and sales activities.