Yeah, thought the share price would rally on BH/HS actual cash sales starting to show at last, beyond the recognised accrued revenue from the original deal. Have to disagree with you and the majority on here that the last quarter revenues were unimpressive -
they were impressive on a comparable basis - it was more the increase in costs in general expenses and staffing (exec' additions) that irked me a little. If you factor in the usual seasonal variation last quarters' actual sales figures (discounting accrued revenue from the BH deal they mix in) they still continue the growth trend. Sure I was expecting/hoping they'd be higher too, but the sheer number of investors on HC commentaries who didn't factor in the seasonal variation in revenues for the usual holiday period downturn in their commentaries, surprised me - the pure 3Q24 sales receipts in its 4C were still +143% on 3Q23 on a like for like basis.
To take out the seasonal lumpiness, its common practic of course to having a trailing combined 4 quarter total (particularly in the US with quarterly earnings) and that increase was still an impressive +89% (the largest its been in the last few years. People took a dip on the preceeding quarter as a bad sign, but we've seen that every year on 3Q to 2Q. It was 3Q23 that was crap in pure mathematical terms and as the blue line shows, the running yearly cash sales receipts actually accelerated faster in growth (to 89%):
Running cash sales to include 3Q24 (on top of the recognised revcenue from the BH deal which are constant) were $3.084 million vs only $1.635 million to 3Q23....I don't get why people are disappointed with an 89% increases in a running yearly cash receipts total????
Its perhaps confusing for many investors the way OCC mixes in accrued revenues with cash sales in its 4C. The linear recognition of the origianal $20 odd million from the BH deal by OCC (standard accounting) rather dampens out the growth in actual sales receipts. Once the cash sales outstrip that recognised revenue reporting OCC includes in its 4C headline figures, that effect diminished of course.
(20min delay)