04-10-2019, 10:34 AM
Here's an idea. The company should simply dispose of these silly backlog figures altogether.
Problem solved.
Revenue wise they're doing pretty well, moving from $4M in Q1 to $9.2M or so in Q4 2018. Just guide revenues and forget about that backlog.
I mean, that stands at what, $900M+ or so? Does anyone actually think that in two years they're going to monetize 55% of that (and what is added in the meantime)?
Backlog is what's creating all these issues with credibility, animating the shorts and pulling even some longs out of their comfort zones.
Just report revenues, steady growth, guide conservatively, and beat. Rinse repeat, that's how you build credibility.
Or if they won't do that, perhaps investors should simply ignore the backlog figures, and focus on revenue growth, cash flow, you know, the basic stuff..
Problem solved.
Revenue wise they're doing pretty well, moving from $4M in Q1 to $9.2M or so in Q4 2018. Just guide revenues and forget about that backlog.
I mean, that stands at what, $900M+ or so? Does anyone actually think that in two years they're going to monetize 55% of that (and what is added in the meantime)?
Backlog is what's creating all these issues with credibility, animating the shorts and pulling even some longs out of their comfort zones.
Just report revenues, steady growth, guide conservatively, and beat. Rinse repeat, that's how you build credibility.
Or if they won't do that, perhaps investors should simply ignore the backlog figures, and focus on revenue growth, cash flow, you know, the basic stuff..