Confounding , why state only $2.8m revenue from existing customers and leaving the impression that $22m “cash revenue” is revenue when it is not as it is revenues plus prepayments making up total cash receipts- so that begs the question what was revenue for the quarter then , but annual report and another presso had statutory revenue as $14m . Conveys a different meaning- so when cash revenues reported as having substantial growth , a lot may actually be prepayments and its easy to provide incentives to customers to prepay upfront with discounts. I think there needs to be a more robust reporting standard to be put in place if we let non revenue companies to list.
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Confounding , why state only $2.8m revenue from existing...
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