DNAprint Genomics (DNAG)

[worktoplay]

angelfund888..."Note that pre-audit revenues for Q1 mentioned were $215,000; $75,000 was recognized; add the $90,000 deferred revenues and that leaves $35,000. Does it make sense that the pre-audit numbers were off by 16%?"

By my math, the difference is $50,000...not $35,000. I understand that the difference was a $50,000 contract that the company had received. Don't know whether those revenues will be recognized this quarter or not.

DNAP also had accounts receivable of about $25,000. That amount should also flow to the revenue column for the next filing. All told, revenues had a head start of about $165,000 this quarter, including the contract.

Just a guess, but I'm looking for revenues between $250K & $350K this quarter, not counting deferred revenue. Anything more will be a pleasant surprise.

Later,
W2P