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IWG TECHNOLOGIES INC V.IWG

"IWG Technologies Inc through its subsidiary is engaged in developing, manufacturing and selling aircraft water treatment equipment, on-demand water heaters and water systems."


TSXV:IWG - Post by User

Comment by theinvestor22on Nov 22, 2014 12:50pm
95 Views
Post# 23155042

RE:RE:RE:RE:Product liabilty/warranty costs

RE:RE:RE:RE:Product liabilty/warranty costsWhen I think about it, I can't say for sure that the Q4 additional warranty provision was $213k. Last year's provision was $63k so, if no funds were spent against that provision, the newly added Q4 amount might be a somewhat more modest $150k. It's hard to tell, because the $63k was so small that it wasn't disclosed last year and changes weren't disclosed during Q1-Q3 this year. Regardless of whether it's $213k, $150k or some amount in between, I think my argument still applies that Q4 was pretty good and that the provision isn't a game changer.
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