Polar Power Inc (POLA)

[southacresdave]

ebase.... I wondered the same thing. I even went and looked up & calculated info (they break rev and accounts receivables down by % customer in the SEC filings):

Q3 2018: AT&T revenue for quarter = 1.72M.

Q3 2018: AT&T share of accounts receivable at end of quarter= $1.17M


Q4 2018: AT&T revenue for quarter = $3.48M

Q4 2018: AT&T share of accounts receivable at end of quarter= $3.36M


Q1 2019: AT&T revenue for quarter = $4.62M

Q1 2019: AT&T share of accounts receivable at end of quarter= $4.61M


On the basis of this, it seemed a correlation could be made that the two are similar. I wasn't sure enough about it so I didn't write up a post on the subject.

I did find a note in the 10Q of Q1 2018 where it said the accounts receivable term for AT&T was 60 days. As such, I'm not sure why they are calculating it for 90 days? Perhaps it changed during 2018?

Also, the $ paid out was up to May 30th to June 1rst. They can draw on any invoice that was submitted to AT&T from 10 days prior. They applied to Citibank on the 8th and got paid on the 10th. As such, it should be from 10 days prior to the 8th? That's the way I took it. It could also be 10 days prior to the payment (i.e. June 1rst). June 1rst was a Saturday. Either way, it has to be from 10 days before. As such, it was 2/3rds of the quarter.