You could well be right but personally remembering what the CEO said regarding the EAP deal when Ford and Valeo were announced it could be that the initial payment may be invoiced with the delivery of the Boards. I don’t know what the usual terms of payment Ford and Valeo have with their suppliers but as they are the gorilla in the transaction it could well be 90 days.
The other payment BRN will receive is for the provision of engineering support and once again I assume this will be invoiced following delivery of service and could also be 90 days.
It is the law of the commercial world that the bigger you are the easier it to a for you to stay big because you can dictate terms.
So I am not expecting much from this quarterly by way of receipts. I would like to be wrong but the boards went out in October/November and invoices followed with Christmas and 90 day terms.
Once again another anonymous opinion.
DYOR.
2020 BRN Discussion, page-24827
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