Bruutz
A nice sidestep.
“ So you have to go back to facts - the last two quarters ( 6 months worth) have been going sideways.”
The first IQBuds were shipped late April 2017, these essentially covering the sales of the Indiegogo crowd funding campaign. The first supply to B&M commenced approx 19 May 2017.
Therefore when you consider C Qtr 3 2017, and considering payment terms arrangements, you have 5 weeks of sales from Q2 and maybe a month’s sales from the third Qtr plus on line sales. Add to this the fact that some of the orders would have been overstated given the start-up stock component per outlet.
Through memory, they extended their footprint to 600 stores by the end of the quarter 3.
Then on to C Qtr 4. Say two thirds cash receipts from B&m from Q 3 plus on line receipts.
Again through memory, they increased the footprint to 1500 stores with an acknowledgement that Europe was very late in the quarter.
So we have essentially only seen one full representative quarter to benchmark against.
Therefore, with respect, your cold and clinical comparison of the $ receipts remains flawed.
Rokewa
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