What should I talk about for Results of Operations on the Financial page?

The 'Results of Operations' section should include:

• Detailed historical results of operations, including expenses
• COGS and any other notable details for each year
• Discussion of whether historical results and cash flows are representative of what investors should expect in the future

If your company has no operating history, then the discussion should focus on how long you can operate the business without revenue generation, and what major expenses those projections are based on.

You can view a comprehensive sample here.