Guidance, etc.Lots of erroneous/misleading/just plain weird stuff here in the last couple of days...
1. Re future contracts being included in guidance, the company doesn't say exactly what guidance includes, but we do know it can include future expected contracts. It is erroneous, however, to assume that guidance either includes or excludes any one specific expected future contract, including that potential large hardware order. Having said that, the company would have known when it confirmed guidance that a take over of its counterparty to the potential hardware deal was in the works and that revenue therefrom would be less predictable.
2. Looking at the bigger picture, getting upset over whether calendar 2022 revenue will be $20M, $30M, $40M or $50M hardly makes any sense. Each of those numbers represents significant progress from calendar 2021's revenue of about $4.6M and calendar 2020's revenue of about 1.1M. And no one knows what the future impacts of covid (and its future variants) will be, making guidance a difficult exercise anyway.
3. Pretending that the hardware sale only has a one-time impact on future financials is more than misleading. Witness this from azzy_m's one-to-one meeting with the company: "It [the hardware deal] is tied to a large software order as well."
4. One poster here is conflating day-to-day price and volume movements with underlying company value, as if the company was fundamentally worth so much more when the price and volume were higher. Give your head a shake on that one.
5. Pretending it's some sort of ugly news flash in terms of dilution when looking at well in-the-money warrants or options is misleading. Anyone who didn't already take this into consideration hasn't been doing their homework.
6. Suggesting that Reliq should release preliminary fQ3 data because Spectra7 Microsystems Inc. did, is just nonsensical. We all know that some companies pre-release revenue information, but the vast majority of companies do not and none are obligated to do so. That didn't stop the poster from apparently getting upset over it.
A friend of mine passed me several jokes the other day which included the statement that he gets most of his exercise these days from shaking his head.