TSXV:RHT.H - Post by User
Post by
theinvestor22on Dec 01, 2022 11:05am
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Post# 35143031
Device revenue is a tad higher that reported
Device revenue is a tad higher that reportedOne small point on revenue is that not all of the device price makes it into the revenue line. On contracts exceeding 12 months, some of the device price goes unreported in the revenue line and shows up as interest in subsequent quarters. (See note 2.ii. in the latest financials.) fQ4 had about $77k recognized as interest income which was really just deferred recognition of device sales. Further, at that time, an additional $230k was deferred until later, which means that f2022 really had something in the order of $330k higher device sales than reported.
In fQ1, about $81k was recognized as interest from previous period sales. All of this, as mentioned above really is revenue, in this case mostly from f2022 sales. Like I said, this isn't a big point, but perhaps >$100k of Q1 device sales didn't get reported in the revenue line for fQ1.