Why did ICCT's operating expenses surge in Q2 2024?

ICCT's operating expenses surged in Q2 2024 due to several factors: 1. **Revenue Growth**: The company experienced a significant increase in cost of cinema product and service revenues, which accompanied the revenue growth in the entertainment business. This increase was due to the successful integration of recent acquisitions and the growth in the entertainment business. 2. **Acquisitions**: The integration of recent acquisitions completed on January 1, 2024, introduced new solutions to the portfolio and contributed to substantial organic growth, which led to an increase in operating expenses. In conclusion, ICCT's operating expenses surged in Q2 2024 primarily due to the revenue growth and the integration of recent acquisitions.