RE:RE:how many millions in orders he received the past couple of m"JP guy was saying that the average contract was about a 36 month contract; Peter alluded to much more predictable revenue. Peter even gave an example of say $10,000 a month for 36 months or $360K contract- as a gift that keeps on giving his words not mine- that was a week ago. In actual fact, if I am reading this right from the financial statement, "Company expects to recognize approximately $600,000 over the next twelve months", - That’s $50K a month PATSCAN revenue starting May."
JP guy was saying that the average contract was about a 36 month contract; Peter alluded to much more predictable revenue. Peter even gave an example of say $10,000 a month for 36 months or $360K contract- as a gift that keeps on giving his words not mine- that was a week ago. In actual fact, if I am reading this right from the financial statement, "Company expects to recognize approximately $600,000 over the next twelve months", - That’s $50K a month PATSCAN revenue starting May."
Funny, that $600,000 to be recognized in the next 12 months was $759,184 according to your previous quarterly financial report (As follows). Sounds like backpedalling masquerading as growth.
"Contracted not yet recognized revenue was $759,184 (2020 -$308,594) as at January 31, 2021, of which the Company expects to recognize 100% as revenue over the next twelve months".