Wednesday, March 11, 2015 1:42:54 PM
On order bookings FWIW he said that they had already booked $85M in 2015, and that Walmart was projected at $45M based on 7 - 10 DCs in 2015. When asked pointedly about what contractual arrangements he based the $45M figure on he backpedalled and uttered something about the contract framework being in place and only a single signature being required on each side to extend the contract to additional sites. (It did not inspire confidence.)
On booking revenue I think we might be surprised in a positive sense if PM knows what he is doing. I suspect that team Andy got confused over booking revenue with product sold to 3rd party leaseholders, which should be booked in full when shipped. Unless PLUG is the leaseholder this should result in net revenue capture in this quarter.
And then there is the perennial question of new customers. Has anyone got any verifiable information that Andy or anyone else from PLUG has indicated that these names will be released with the results?
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