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  4. Intelligent Highway Solutions, Inc. (IHSI) Message Board

as stated before this q is before the suncloak ord

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Post# of 780
Posted On: 12/02/2015 11:35:52 AM
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Posted By: john1234
as stated before this q is before the suncloak orders came in so we will see a considerable difference on the positive side on the year end report.


Revenue


Revenues during the three and nine months ended September 30, 2015 and 2014 were
generated from contracts with Honeywell for the installation of a temperature
control system and other general electrical contracting work.

Revenues for the three months ended September 30, 2015 were $44,182 compared to
$251,210 during the three months ended September 30, 2014. The decrease of
$207,028 or 82% is the result of the timing associated with the sale of
electrical contracting work where there was one small project during the three
months ended September 30, 2015.


Revenues for the nine months ended September 30, 2015 were $236,068 compared to
$717,043 during the nine months ended September 30, 2014. The decrease of
$480,975 or 67% is the result of the timing associated with the Honeywell
projects where one Honeywell project was completed in the first quarter of 2015
and another not started until the end of the second quarter.
The projects
required more consistent work from late March through September 2014. This
resulted in fewer working days on which to earn revenue during the nine months
ended September 30, 2015 when compared to the nine months ended September 30,
2014.


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