Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Freegold Intersects 3.62 g/t Au over 42m and 1.23 g/t Au over 170.7m (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum VIDWRX INC SMDWF

Consumer Cyclical Media - Diversified
"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."

GREY:SMDWF - Post Discussion

VIDWRX INC > Can someone explain this
View:
Post by Tanker81 on Dec 09, 2015 2:10am

Can someone explain this

So they have big backlog sales...... so video's ordered but yet to be produced. They have $1M of employment costs for a quarter......but can only produce $190K of actual revenue for a quarter to be recognized yet they backlog over $1M? What....do these people do for their wages? At the burn rate they have, with the peanuts they just collected from the "special warrants" they will still run out of money in the next quarter, no? That and they are letting payables increase and they sure have an awesome quick ratio........
Comment by cheval57 on Dec 09, 2015 10:11am
The company is in a development stage. As time goes on you will see the revenue figure grow  in a significant manner. The video creation takes time. With time a greater percentage of the sales backlog will become revenues in a quarter. More and more investing groups are getting to know the company. That should bring different investment opportunities for the company to finance itself ...more  
Comment by Vantechie76 on Dec 09, 2015 3:54pm
"Development stage" for 10 years?!?
VIDWRX INC