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rado

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rado

Re: blindman28 post# 9320

Friday, 08/17/2018 12:45:23 PM

Friday, August 17, 2018 12:45:23 PM

Post# of 9686
I looked at ITCC. Net Receivables the last 4 quarters $3.4M $1.5M $2.6M $2.2M
Receivables have gone from $1.5M last quarter to $3.4M this quarter and SGA and cost of revenues has gone up some. So it looks like last quarter they had reduced their receivables, causing an increase in income. This quarter they did more business, causing SGA and cost of revenues to rise, and they have billed that causing receivables to be higher than they have been in the last 4 quarters, but the clients haven't paid yet, depressing this quarters net income. So I am expecting next quarter to be good. Let me know if you see something different.
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