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Message: Re: 3M USD loss for quarter

May 13, 2016 05:16PM

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May 14, 2016 08:54AM

whysosoon

One of the contracts was supposed to produce ~$4mil in Q1 (Oct-Dec). It didn't, so the only "money in" was the grant monies.

Q2 (Jan-Mar) has revs of $4.3mil. It really should have the $4mil that was supposed to be earned in Q1 PLUS additional revs should also be flowing from the 2 big Contracts.

Why the big delay? What is holding up production/ shipping and ultimately delay in rev recognition? Hopefully we get a good explanation on Monday and it's being corrected or improved.


May 15, 2016 09:16PM

May 16, 2016 06:35PM
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