Just because they land a contract for $x, does not mean that the revenue is recognised in the quarter the deal is won. It may be a project over 12 months and therefore maybe only 500k was delivered in this reporting quarter. While the revenue is growing, it looks like they either got a delayed payment or an upfront payment in this quarter as revenue was only 3m yet there was 4.8m in cash received. If it was an upfront payment then expect massive cash burn next qtr. I am still going to sit on the sidelines here... Will likely have to wait till teh April Qtrly to see better picture
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Just because they land a contract for $x, does not mean that the...
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