TSXV:POI.H - Post by User
Post by
Supercoaston Sep 30, 2016 5:28am
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Post# 25293877
Normalized revenues
Normalized revenues
Cost cutting as expected, and the surprisingly low revenues are explained below. We need to know who are the new clients. "For the three months ended July 31,2016, total revenue was lower by $125,039. This was due to a one-time revenue recognition in the previous quarter of $150,000 as well as a reclassification of approximately $200,000 between revenue and expenses in the current quarter. Without the reclassification, normalized revenue for the quarter would have been $510,929"