RE:RE:RE:RE:RE:RE:RE:RE:Order to be announced shortlyWhatever it is, it's 1.5M more in earning in q3. Work done could be prepurchase work (modeling) in part yes. I still believe that part of that is better than expected Drosrite execution which is very important IMO
dcowan wrote: Depends on contract wording... this could be phase 2 of XX. Therefore, the work is currenlty being executed. No?
Pitpitcolisse wrote: Yes a deposit, orcash down, is co nsidered a liability and not revenu until execution under gaap accounting method. Mentionned many times by Peter...
dcowan wrote: Have you heard of a deposit?
Pitpitcolisse wrote: I'm with you on this one, I believe he did this NR to show the execution of the Radian contract is progressing better than expected. He wouldn't be able to count new contract as Q3 earning if work has not begun
Welderkev1 wrote: Olderguy1 wrote: I don't think he could be so positive about earnings if he did not know he was getting an order while not actually having received a PO yet. He will not announce an order until he recieves the PO.
I don't think the earnings estimate has anything to do with orders he hasn't announced yet but instead the $7m they've already received and the $2.5m they're about to receive