Tuesday, December 01, 2020 8:57:52 PM
If my math was correct they got a 2% bump in gross margin from Q2 to Q3. CAVEAT I pulled these numbers out of my butt right after the last Q was released and can't recall if my predictions properly accounted for the mis-reported numbers in Q2.
Good point regarding the asset. The patent should definitely show up on the balance sheet as an asset. It will hurt cash flow but shouldn't necessarily be detrimental to the P&L. I'm not sure how significant attorneys fees, etc would be for the type of transaction so I don't know if they would have a material impact on the finances as they would definitely show up as an expense. I also don't know if the acquisition had a condensed timeline or if some of those expenses could have been recognized in Q2.
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