Revenue reporting "Don't you find it comical how the company reports quarterly
earnings.Most companies separate the numbers qtr by qtr not so here. Revenuesare added to each qtr to make the numbers look bigger than they actuallyare. When they report Q4 it will be around 2.0mil but actually is onlyaround 500k as the previous 3 qtrs made u the other 1.5mil LOL!"
Oiler they go to great lengths to keep from showing revenue dropping quarter over quarter
Look at this from their last quarterly release
Note that 3/4 revenues were stated as $1,695.734 and double that of the same qtr previous year.
Then they note that total revenue for the 9 months was $1,770,903 which would mean total revenues for tthe first 2 qtrs was a little over $100.00 which obviously was not the case. Looks more like it was written to confuse rather than inform
Confusing but not amusing
Operational revenues for the nine months ended May 31, 2010 more than doubledthat of the comparative period in 2009. Third quarter 2010 operating revenueswere $1,695,734, an increase of $884,630 over revenues recognized in thecomparative period of $811,104. The increase in revenues is a result of thecontinued increase in the commercialization of Powerwave as well as increasedactivity in Wavefront’s service, tubing pump, and bailer product lines inAlberta. Total revenue for the nine months ended May 31, 2010 was $1,770,903,compared to $1,078,825 for the same period in 2009.