Polar Power Inc (POLA)

[ebase22]

On the credit facility pr:

“On June 10, 2019, the Company received $5.2 million in connection with the sale of certain accounts receivable to Citibank pursuant to the terms of the agreement, which amout will be used to support the Company’s working capital needs.

Under the agreement, the Company may from time to time offer to sell to Citibank certain of the Company’s accounts receivable relating to invoiced sales made by the Company to its largest Tier-1 telecom customer and its affiliates.”

So it’s only a facility that is useful for their largest tier 1 (AT&T), and at $5.2 million and doing so in June 10 (over 2/3 through the quarter), and 90 day pay period for receivables? does this mean that roughly speaking, they did at least $5.2 million with just AT&T for the quarter thus far? How does that compare with past quarters roughly?