I struggle too, especially as BVS didn’t explain when they announced it. The uncertainty has caused analysts to challenge BVS claimed high recurring vs project revenue with some suggesting its closer to 50:50. Final acceptance payments on completed projects and/or some slippage into 2H could of course delay payments - but that wouldn’t be consistent with high reoccurring revenue ratio.
BVS Price at posting:
$2.80 Sentiment: Hold Disclosure: Held
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