Think Research Corporation V.THNK

Let's see if this works. Trying to post the results:

[dt_core]

Let's see if this works.

[dt_core]

Trying again: GAAP Income Statement Think Research Corporation Unaudited Condensed Consolidated Interim Statements of Operations and Comprehensive Income (Loss) (In thousands of Canadian dollars and thousands of shares, except per share amounts) Three months ended March 31, 2022 Revenue: $20,204  Cost of sales: $11,090  Gross profit: $9,114 Operating expenses

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Balance sheet: Cash $6,057 Accounts receivable $12,627 Prepaids and other $2,973 Total current assets $21,657 Non-current Property and equipment, ne $t2,124 Right-of-use-assets, net $13,431 Tax asset receivable $9,428 Intangible assets, net $85,139 Total assets $131,779 LiabilitiesCurrent Accounts payable and accrued liabilities $14,989 Acquisition consideration $9,438 Deferred revenue $11,490

[AlwaysLong683]

Not sure how reliable the quoted numbers are. PR from THNK's own website: TORONTO, ON – May 26, 2022  — Think Research Corporation (TSXV:THNK)(OTC: THKKF) (“Think” or the “Company”), a company focused on transforming healthcare through digital health software solutions, today announced that it will release its financial results for the three months ended March 31, 2022 before the

[dt_core]

Numbers officially released. They are the exact same as what came out on Friday.

[AlwaysLong683]

Here's my view after taking a look at the Financial Statements on THNK's website: BALANCE SHEET: Current Assets:       21.7M Current Liabilities:   39.9M Total Liablilities:                    87.0M Total Shareholder's Equity:   44.8M Translation: The Balance Sheet is bad. Nagative working

[dt_core]

As long as the company achieves profitability I'm not overly worried about the balance sheet. Taking a deeper dive on the balance sheet: Like many peers THNK has a pre-paid services model, meaning customers pay before the services are rendered, and that constitutes the deferred revenue portion of liabilites. That line item will always exist and grow as the firm does. The fact that they have