Revenue gets recorded upon job completion. Once it's fully installed, entire revenue goes recognize However, if customers haven't paid yet, it goes on 'accounts receivable' line. But it doesn't affect recorded revenues. Most customers gets financing anyways, so we get paid in full and then financial institutions get to deal with payments.
That's your opinion or best guess....I was just curious where the $8M number was coming from.
I will be personally pretty upset if the sales turn to be $8M....then JN next time will have to say "we will try our best to recognize as much as backlog as possible" instead of "yeah....most of that backlog will be recognized in Q2".
Definition of most for me is 80%-90% of backlog at least...