Sunday, November 08, 2009 3:30:36 PM
We've seen multi-million dollar contracts (and news of pending negotiations), confirmation of production capabilities, and hiring - engineers, tech, marketing - progress. We're looking at a profitable company with negligible debt and $9.8M in retained earnings. The question is how future revs are applied to quarterly accounting.
Re: LDSR Q3 2009
Ouch. Revenue doesn't match investor expectations. Yes, LandStar is profitable, but the PR's have primed investors to expect much healthier revs. Q3 revenue is only $439,115 after closing apprx. $8.6M in contracts during the 3rd quarter and more than $27M YTD.
Thank you.
Hello
The Q3 revenues are the actual cash taken in by the company and actual expenses.
The Prs on contracts are deals that the revenue will start showing up as the contracts start paying up and LDSR starts delivery of goods and services.
The audit is proceeding as announced.
We will send your concerns to China and maybe they will do a PR next week on this.
Thank You
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