On that $1.6 mil in net sales for the year, how much cash did ONCI collect through 10/31/17?
Here's the answer - $212k (12.5% of total billed)
Here why ... As per my analysis of accounts receivable for the year. Collections were atrocious. They collected 52k in collections in the 3Q & 4Q on $1.3 mil billed, and collected $212k on $1.6 mil in net sales for the year. Naturally, Steve doesn't disclose this but it' easy enough to figure out. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138263624
As always. JMO
(Billings are based on Net Sales, not gross sales)
As follows: Gross sales - 1.8 mil Less: Sales returns & allowances - 100k Net sales - 1.6 mil
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