no revenue in 4th quarter? seems so I don't know what type of accounter person would sign off on this; which is it you either have the revenue or you don't but to write up we expect 100% over the next 12 months is a real stretch even for the most creative accountant IMHO and as you all no I am just a cook although no cook the books jokes here please...
Fiscal 2020 Fourth Quarter Financial Results • Revenue was $0.4 million for the fourth quarter ended July 31, 2020 as compared to $nil for the same period in 2019. • The Company had $0.4 million of deferred revenue and $1.2 million of contracted revenue not yet recognized as revenue as of July 31, 2020 of which we expect to recognize 100% as revenue over the next twelve months. • Net loss increased from $5.0 million in the fourth quarter ended July 31, 2019 to $6.4 million in the fourth quarter ended July 31, 2020. The increase in loss pertains mainly to increased personnel costs associated with the ramp up of operations and sales efforts.