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Uh - no . . .

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ImpishGrin Member Profile
 
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ImpishGrin   Friday, 05/12/17 11:43:22 AM
Re: drugmanrx post# 60660
Post # of 61466 
Uh - no . . .
Quote:
So your saying every job that was started before 12/31/2016 was finished by 12/31/2016, and that there was no carry over from quarter 4 to quarter 1.


Backlog is a running total of work that is contracted but not yet completed - of course it carries forward by definition . . .

Those are just the high-level numbers that the company has provided and the equation was intended to demonstrate how backlog, revenue, and new sales are related - that's all. If you have additional questions then perhaps you can contact Investor Relations.


Never argue with a fool, onlookers may not be able to tell the difference. - Mark Twain
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