How did ABLV's revenue and expenses trend in Q2 2023?

In Q2 2023, Able View Global (ABLV) demonstrated a revenue-driven business model with a focus on cosmetics and other beauty products, as evidenced by the $144.46 million generated from this segment. However, the company managed to keep its R&D and marketing expenses to a minimum, with both reporting zero expenses in Q2 2023. The only notable expenses were the $11.4 million in general and administrative costs. This trend suggests a strategic emphasis on profitability and cost control, with a strong revenue base supporting the company's operational efficiency.

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Selling, General, and Administrative Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|ABLV|ABLV.O|Able View Global|20220930|62955||186|
|ABLV|ABLV.O|Able View Global|20221231|120040|-99.2125281755372|186|
|ABLV|ABLV.O|Able View Global|20230331|195761|1426.4015594541909|186|
|ABLV|ABLV.O|Able View Global|20230630|1.1399087E7|29.972777643803877|186|