"Wave ALWAYS telegraphs the upcoming quarter's earnings by including the current quarter billings in the earnings announcement. So, you can always get reasonably close to the next revenue number by adding the current billings to the upcoming recognized deferred number, which is well known. Last Q they stated Q1 billings of $5.9, and I'd have to rummage through my trash to find the deferred # but think it's at least 400k, so that pretty much meant revenues had to be greater than $6 million.
(Note: Q1 2013 revenues, at $5.8 million, were by far the most anomalous I've ever seen, coming in WAY below billings. For whatever reason, somebodies dragged their feets on paying Wave that period.)
This Q, Wave has once again reported billings of $5.9 million, flat with the previous quarter. Since the delay in payment in Q1 "sloshed" into Q2, raising its revenue number, it's a good bet that Q3 revenues will resume tracking closer to where they ought to, so look for Q3 revenues to drop slightly from Q2's $6.7 million (maybe $6.3?)."
Now that post was made to amuse.
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