FormerXBC Inc XEBEQ

Difficult to tell

[tamaracktop]

Trying to reverse-engineer the numbers to get a handle on Q1 revenues is difficult.
Trying to read between the lines to ascertain whether they crammed the bulk of the accounting revisions in to Q4, or if they are trying to "parse it out" over time, like many companies do.
Very obviously, we'd much prefer the former.

[bmo1212]

Ditto

[Ciao]

Revenues are recognized based on completion of work when it occurs. No getting around that.

[Newtrader1982]

My feelings are that the worst of it was crammed into q4 they told us that they had made adjustments moving forward and it's better to take the hit all at once than drag it out.

[catchascatchcan]

I got trolled a bit as a negative nancy a week back for suggesting $20M, but I think the only thing we all know is that none of us here know.  Some are more confident than others in their assertions, but let's be honest, no one has put forward anything beyond napkin math to substantiate their claims.  The reason I myself am on the low end, is that it's absolutely guaranteed that