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WRR quarterly: I had a look the commentary isn't very positive...

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  1. 384 Posts.
    WRR quarterly: I had a look the commentary isn't very positive to my surprise but the second order for the Iridium Go was late Sept so they wouldn't have collected the cash until this quarter nor booked the sales due to this unfortunate production delay. Last year cash receipts were $3.4 M this year they are $4.4M which is a 30% increase and once the products are shipped those cash receipts should be booked as revenues hence why the revenues are flat imo.... On the bright side the product has got a 8.5/10 from Engadget which is a reputable website for these reviews.

    http://www.engadget.com/products/iridium/go/

    User reviews have been even better and with Iridium Next launching next year Iridium Go is already compatible. Hopefully the launches go better than the recent Google one.

    http://www.engadget.com/products/iridium/go/reviews/13i1/


    Good luck to holders hopefully the half yearly shows better production.
 
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