Msg. 14402 of 54959 (This msg. is a reply to
14401 by
Cactus Flower)
Jump:
Hi CF, you're correct. I think it's been clear from the start that Wave chooses to produce public financial reports that make it extremely difficult, if not impossible to track revenue steams. Esign, WXP, and Scrambls are also in their consolidated reports. Then there's bundles, SEDs, maintenance, various upgrade products coupled w/ small sales that are recognized in the period shipped whike large sales are deferred and recognized ratibly. That's why I gave up trying. Obviously they could provide clarity but op not to. Cynic that I am thinks that's provides the cover they require to dangle those carrots. Hopefully they track all segments for their management needs.
I am very confident that Wave's maintenance service fees are carried under licensing rather than services in the income statement. I say this because if it were so, there would be no way to make sense of some very low and/or zero figures for quarterly service fees during maintenance periods.
But I want to check my understanding here with tkc and dig.
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