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Myth

11/13/24 12:53 PM

#66106 RE: hardlesson #66105

Nice catch there hl.....
Bullish
Bullish
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SLC-JD

11/13/24 1:23 PM

#66107 RE: hardlesson #66105

This is correct, but I would point out that the word "expected" is doing some heavy lifting there.

The revenue is recognized either when the products ship, or when they are received/accepted by the customer (depending upon rev rec methodology), irrespective of when these events occur. As long as it goes out the door in Q4, we'll see it in the annual.

A company I've worked with in the past (NOT SHMN) used this to game the system; placing product on a pallet and marking it 'shipped' within their ERP system (without actually shipping the product out) at/near the end of a quarter to juice revenues. The SEC was not amused.