GREY:CVHIF - Post by User
Comment by
dileas48son Apr 05, 2018 3:19pm
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Post# 27838101
RE:RE:RE:RE:When Is Q4 ?
RE:RE:RE:RE:When Is Q4 ? That is correct, because Q4 ends in February 2018.
It seems odd, I agree, but that is the standard nomenclature used for companies who choose a non-calendar month for their financials.
BLVD made this change in either 2016 or 2017. I can't remember which. The speculation at the time was that, in general November and December can be "slower" months for the rehab business due to the Thanksgiving - Christmas time period. There is some evidence that addicts are less likely to seek treatment during this time frame. It has been suggested that for this reason there was a desire to separate November from December in quarterly reports as a means of evening out the results rather than have one noticebly "stinker" quarter.
That's the theory, anyway.
cactuspete wrote: So following that, 10 months of operations in 2017 are reported as 2018 fiscal year?