TSXV:MRS.H - Post by User
Comment by
mjt2020on Jun 15, 2020 8:52am
120 Views
Post# 31150341
RE:RE:RE:New contract $3.3mil USD
RE:RE:RE:New contract $3.3mil USDNewbie, I did not claim to have done an outstanding due dilligence. I was just trying to get a sense of what to expect on upcoming financials. The part I was not clear on was exactly when contract fulfillment transactions get logged on that government website, at time of payment or time of delivery. It looks like it is time of delivery so that payment would have happened sometime in Q4. This means Q4 should show at least 12 million in revenue assuming the DLA paid their bills somewhere around net 30 or net 60 type timeframe. That level of detail on the contract isn't visible.
That makes for a solid Q4 revenue when they finally report. On the flip side, Q1 2020 drops off a fair bit though I don't know how much revenue besides unifire they have.