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The question....

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TequilaMockingbird Member Profile
 
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TequilaMockingbird   Thursday, 11/02/17 03:58:18 PM
Re: My2b post# 53150
Post # of 54726 
The question....

Quote:
SO TELL ME NOW EXACTLY WHERE IS ALL THE BS COMING FROM?



Don't know if this meets the "BS" criteria, but there are some curious numbers.

From Q1 2017 MYDX filing with the SEC:

Quote:
The Company did not carry the necessary inventory levels to cover sales orders in the first quarter, and this contributed to the decrease in recognized revenue. First quarter sales ($85,391) combined with customer deposits ($178,319 for a total of $263,710)


Source: https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12084878

Then in the Q2 2017 MYDX filing:
Quote:
Product revenue $125,810


Source: https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12244161

That $178,319 was not listed as Q1 2017 sales, they were in Q1 2017 as liabilities. Why did 30% of the deposits ($178,319 vs. $125,810) disappear? Or was $125,810 actual Q2 sales, and the $178,319 disappeared somehow?

Clearly, there were people who had some better expectations.....

Quote:
At the end of last quarter, there were $178k of unfilled orders on the balance sheet. Those orders should serve as a $178k head start on Q2-17. $102k in new sales (i.e. in addition to filling the Q1 orders) would be a new revenue record.


Source: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133680084

Hope this answers your question.


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