Thank you. So my understanding is that receipts from customers does not necessarily point to revenue (yes closely linked but not the same).
My understanding is that:
1) Cash receipt is reporting on any money that has come in and a receipt has been issued.
2) SAS could currently be earning revenue but because you and I do not know the terms of the contract we will not know when the money is actually dues to SAS. There could be 30 or 60 day payment terms.
3) Based on 2 has SAS even invoiced their customers.
https://www.accountingcoach.com/blog/what-is-the-difference-between-revenues-and-receipts
All I am getting at is people are making there sell decisions on the wrong info. Seems silly to me.
IMO Everyone should be waiting for next months APPENDIX 4E - PRELIMINARY FINAL FINANCIAL REPORT.....which actually has a line called
revenue.
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