Naj, I believe you are 100% correct on the recognition of...

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Jack1960

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24/04/18

08:44

Post #: 32645200
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Originally posted by najjaci31 ↑

All,

Screenshot attached:

Didn't get a chance to post it up during the day. Busy first day at work.

Once again, confirms the sentiment of management, under promising and over delivering. The product was shipped over a week earlier, on the 16th of April. It'll be arriving tomorrow (24th) fingers crossed!

In my opinion we won't see any revenue from Boost pre-orders on the March quarter. Reason being, even though the financial aspect was recorded coming in, no products went out as Boost only commenced shipping in April. Technically, Nuheara should not be recording any Boost revenue in this month's quarterly. Nonetheless, I'm looking forward to the quarterly this some time this month. I think we might see an announcement just reconfirming Boost pre-order products have been shipped in line/before the expected date (24th of April) for the market.

Overly happy with management and progress to date. Only thing I'm disappointed at is that I believe the opportunity was there to commence B2C sales in Nashville last week which didn't take place. Would have been an excellent opportunity to get a few out D2C at the RRP$ and get some additional revenue in to at least cover the cost of the stand and staff costs during the event.

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Naj, I believe you are 100% correct on the recognition of revenue from Boost pre-sales.

The cash proceeds from all Boost pre-sales will be recorded in our cash balance at 31st March, but recognised as some form of Current Liability in the Balance Sheet (e.g. Product Deposits Refundable).

The Recognition of all pre-sales as revenue can only occur once the product is shipped and any returns conditions passed.

Any announcements are most likely to discuss units pre-ordered/shipped rather than dollars/revenue earned.

NUH Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
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Naj, I believe you are 100% correct on the recognition of...

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