Tuesday, November 24, 2020 1:55:29 PM
Deferred Revenue of $2.7M represents only 50% of the potential revenue - 50% deposits. Therefore revenue near term revenue already in house is ~$5.5M for Q-4. Now that also means they have a $2.7M cash windfall coming as part of the settlement of the transactions.
Given they already have received containers and air shipments of almost 3K Rx400, I suspect most of that $5M will be EARNED before year end. There is also Rx3000 backlog that should be addressed by Scot Electronics production in the near term.
There are issues that need addressing and resolution. A strong cash position and a solid revenue stream will allow resolution.
Tired of all the negative rhetoric - it's time to present the case most favorable to longs.
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