Post by
swyint123888 on Aug 21, 2023 1:41pm
AI Contract NR Revs Need To Catch Up To Reported Revs
Went back to 2018 and tallied AI revs via news releases and AI revs reported on yearly statements.
I understand there is a lag but could the lag be over 24 months to get payment, I won't be convinced waiting more than 24 months to receive payment is possible..
2018 reported revs yearly = 1,200,000 News release revs = 1,370,000
2019 reported revs yearly = 3,369,000 News release revs = 4,115,000
2020 reported revs yearly = 4,101,000 News release revs = 8,894,000
2021 reported revs yearly = 4,050,000 News release revs = 3,900,000
2022 reported revs yearly = 4,578,000 News release revs = 7,510,000
2023 reported revs after Q1 = 1,600,000 News release year to date = 2,125,000
There is 8.5 million outstanding revs to be reported to the books according to this. I'm having a very hard time believing that revs from 2020 appear to NOT be all paid yet....the 3 extra million outstanding from 2022 I'm ok with, they could still show up but 2020 forget about it.......I guess it's possible Q2 coming up could include some of the extra 3 million from 2022, maybe we'll do a little better than thought. As for the 2020 missing revs, I'm gonna keep it real and write them off as gone bye bye for whatever reason
These numbers do not include the 40 million revs or payouts to date.
Comment by
MarketMaestro on Aug 21, 2023 2:11pm
Some lag between contracts and revenue recognition is expected, because these projects often have long timelines given complexity and procurement processes. Hopefully the Q2 financials provide some reconciling details.
Comment by
Citron on Aug 21, 2023 2:41pm
How many years lag time are yoiu expecting Maestor? Looking at EV, Medicall, Ronin etc its been a looooooong time and no results.