it’s difficult to tell. Revenue only lists sales to customers in Europe. There’s no commission or similar so it’s hard to be certain if they pass software costs though their books. Normally, though, you don’t pass the software on your books. The software goes direct to the customer and you just collect a commission. It doesn’t look like there was any commission revenue.
If they did pass a couple mil of software costs unrelated to their business through the books as revenue then I would think they are back in the performance targets trouble.
its not clear. It would require a statement from the accountants to be sure.
ISX Price at posting:
$1.07 Sentiment: Sell Disclosure: Not Held
