SiNtx Technologies Inc (SINT): They secured purchasing agreements by Ju...

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Re: FS15 post# 13779

Sunday, 02/18/2018 10:08:10 AM

Sunday, February 18, 2018 10:08:10 AM

They secured purchasing agreements by June's business update with multiple national & regional hospital groups. Its not like this revenue appeared magically.

I had anticipated this new revenue on 3rd quarters FS but it obviously takes longer to recognize. Due to delay in revenue recognition its easy for Q4 revenue to be backloaded and explains why Inventory Reserve shot up. 7-9% is typical reserve amount. Which suggests Q4 revenue will be 10-13m. My estimates are around 11-12m

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