(Total Views: 228)
Posted On: 11/12/2019 8:09:21 PM
Post# of 36542
Joe,
Let’s ask this in simple terms, here are the revenue numbers reported by GNBT...
1Q (10/31/18) $1,719,148
2Q (1/31/19) $3,442,265
3Q (4/30/19) $1,055,626
Total for 9 mo $6,217,039
1Y (7/31/19) $6,203,761 (-$13,278)
So how did we go from a higher 9 month revenue to a lower 12 month revenue? Did a prior revenue recognition get reversed?
Let’s ask this in simple terms, here are the revenue numbers reported by GNBT...
1Q (10/31/18) $1,719,148
2Q (1/31/19) $3,442,265
3Q (4/30/19) $1,055,626
Total for 9 mo $6,217,039
1Y (7/31/19) $6,203,761 (-$13,278)
So how did we go from a higher 9 month revenue to a lower 12 month revenue? Did a prior revenue recognition get reversed?
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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