From Accounting perspective, revenue/expenses should be recorded and accounted for as and when they are incurred. Therefore, if there was any transaction that happened during the first quarter, they should be in there.
Having said that, product was launched, I guess after 31st March. So this report might not show any revenue from ROAMe.
Having said that, after the launch they had the time to assess the production capacity. From Management Accounting perspective the pre-orders would be the main factory here. So for them to arrive at a figure of 50,000 per week, which they have entered in to an agreement with, I can say with confidence that next quarterly report would be something. They might even increase the capacity.
The SP should be around 2 cents in my opinion at the end of next month. At the moment this stock is pretty undervalued.
IOT Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
