Greenlane Renewables Inc T.GRN

GRN revenue

[DDT980]

Over the last 5 qtrs.GRN has consistently reported an average backlog of about $40 million. They have also said that contracts take 3 to 5 qtrs to for the total revenue to be recognized. The math is simple. Even if the backlog stays at $40 million, the annual steady state revenue will be 4 x $40 million.

[tonyxdsun]

This is not true. The correct math is: Current backlog = q2 backlog + q3 sales contract - q3 revenue (recognized)

[miscstuff]

tonyxdsun: You are showing the calculation for current backlog, while DDT908 was trying to calculate revenue from historical/forward backlog. So you aren't correcting his calculation - even though his is meaningless. DDT980: examples of different backlogs without a corresponding change in revenue, based on 4 quarters to complete a sale. example 1) steady state backlog of 40 million but new

[miscstuff]

Correction from previous post: "example 1) steady state backlog of 40 million but new orders crash to 1 million and so does revenue for 1 quarter. Notice that the next 4 quarters will show revenue of 13 mil$, but backlog stayed the same for each quarter." should read: example 1) steady state backlog of 40 million but new orders crash to 1 million and so does revenue for 1 quarter