Calmanut,the revenue recognition that Unilife is using is a standard accounting practice in the US, when you are paid for a job you can’t recognize the income until the payment has been earned. Unilife has been paid upfront to customize a product that will require, say, 24 months so the upfront payment is recognized over that period of time. That is why the revenue earned in the fourth quarter was the same as the reduction in deferred income for the quarter.
UNS Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
