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fishhunter

04/02/18 8:23 PM

#44009 RE: yeagohead #44008

I really hope you are right yeagohead.

In my opinion, there was NOTHING said in either the PR or the CC to suggest that Q1 would be any sort of record. (Remember, a couple years ago Q1 was 6.4mil in revenue and 2.4mil in net income.) Ferris said that order intake during this 2018 Q1 (Jan/Feb/Mar) was a record. Order intake has nothing to do with revenue in the quarter in which the order was received. All that Q1 record order intake means is that Q2 and Q3 are likely to be strong. And the biggest order announced and received in Q1 if you read that PR it says that most will ship in Q3/Q4.

I will slightly walk back the above since I guess the fact that he said some of the stuff that had been planned to ship in Q4 was pushed into Q1/Q2. That does not suggest a record Q1 but does suggest a strong Q1.

Perhaps I am splitting hairs but it is important for everyone to understand the difference between a quote, an order, and revenue recognition which occurs when a unit is shipped. A full year might elapse between the quote and the shipment.