Why did Monogram's operating expenses surge in Q3 2024?

The surge in Monogram's operating expenses in Q3 2024 can be attributed to **General & Administrative Expenses**: 1. **Increase in General & Administrative Expenses**: Monogram Technologies reported a significant increase in general and administrative expenses for the year ended December 31, 2024, amounting to $4.4 million, up from $4.1 million in 2023, marking a 9% rise. This increase is a key factor in the overall operating expense surge. 2. **Strategic Partnerships and Market Expansion**: The company's active market expansion and formation of strategic partnerships, such as with Urvin to launch a verified shareholder community, have likely contributed to the rise in operating expenses. These initiatives often require significant investment in the short term but can lead to long-term growth and market positioning. In conclusion, Monogram's operating expenses surged in Q3 2024 primarily due to increased general and administrative expenses and strategic partnerships that drive market expansion.