RE:RE:Factual numbersMaxlRose wrote: If I remember correctly, there 's a thing called ''percentage revenu recognition'' or something like that. First time I read it, an iceberg came to my mind.
Hope that helps
StairwayTo wrote: The only factual numbers we have is from the CEO himself, which is Q3 eps of $0.06 and year end forcast at $0.11 (leaving $0.02 for Q4), which is concerning to me. Some of you mentioned that a contract would not generate immediate revenue, I agree, but it also means that if a x amount of torches are to be signed by end of Q3 or thereabout, it would take more then 3 months to deliver and book revenue, even for 1 torch. I thought it would be a faster process.
I'm affraid Peter does not anticipate additional revenue for the remaining of the year, does it mean that 0 torche will deliver this year?
Yes, heard of it, even more concerning, is that there wouldn't be any revenue recognition either in Q4