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Wednesday, February 07, 2018 1:24:12 PM
Just as General Dynamics would report a 10b submarine deal. They dont get that 10b the day the contract is signed - could take years. But if GD delivers 1b worth of product or service in the first month then they realize that 1b in revenue even if they dont receive a check for another 30 days.
Revenue recognition is a simple concept.It would serve folks looking at onci to get familiar with it.
Fact is we dont know the contract language. Without that it is speculation.
I would bet the total contract values for sept/oct. pr'd deals was not reported as revenue on the fins that were released.
Steve goes out of his way to let us know when initial deliveries will take place. Easy from that point to estimate when revenue and how much will be realized.
Now if the contracts are written for 1 delivery of 100k and Steve embelishes by assuming an additional 11 deliveries that are not in the contract - that would be shady. Dont think that is happening here.
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