oh yes, you are right : 865M...
I read some parts of the 10Q, especially their comment about the client/custormers revenues recognition.
They make it sounds like a quite complex subtile process.
But, at the same time, they confirm that most of the revenues are from 4 customers, and the quarterly amount is about 25K. Yes, 7K per month.
Heavy narrative around revenue recognition vs trivial actual revenue... = red flag imo
I am still more than skeptical about this company being able to turn around. Will check next FS!
"Revenue Recognition Revenue is recognized upon transfer of control of promised or services to customers in an amount that reflects the consideration we expect to receive in exchange for those services."
"Our contracts with customers sometimes include promises to transfer multiple services to a customer. Determining whether services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. Judgment is required to determine Standalone Selling Price (SSP) for each distinct performance obligation"