GREY:LFDEF - Post by User
Post by
BlueHorseshoe13on Oct 08, 2015 12:31pm
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Post# 24175667
Accounting policies
Accounting policiesdisclaimer, I'm not an accountant. UR, if you're listening
1) please reconsider how you book deferred reveue. it makes no sense that you generate negative margin on $12M of revenues to the end of June 2015, and increase DR by 20M during the same time period. the accouting loss hides the big gain on cash from ops.
2) please book imagery taken but not sold as inventory at market value. this will make the company look cheaper relative to book value and it might decrease your cost of capital.
seems like easy wins at a time when hard wins are hard to come by.