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Re: SPM555 post# 25548

Wednesday, 01/24/2024 11:33:37 AM

Wednesday, January 24, 2024 11:33:37 AM

Post# of 26614
Understandable, though I'm uncertain if these types of distribution contracts can be deemed as concrete revenue since distributors need to deliver and the sale to the end customer hasn’t occurred yet. It's essentially a commitment to represent the products in their region/territory, not an actual order to stock inventory, which I get wouldn’t make sense for something like a heat pump—still more of an independent contractor agreement with elaborate terms. However, based on this, we might anticipate respectable numbers for the heat pumps in the mid-February financials (i.e. 150 units for the 1st year commencing on Oct’23). Thanks for the response.
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