William tan, u said there is no cost of sales because there was no hardware sold. But i tried looking at other tech companies that dont sell hardware product. They still got cost of sales. Like facebook. U hav any example of tech companies that dont have cost of sales?
johnbrooks, no cost of sales is because recurring income earning from license fee. they have only recurring license fee in current quarter while this happen in many quarter ago. As long as the customer bought the device from Ucrest. They need to pay the license fee, the more device sold, the more license fee to receive in the future.
Tkk, do u hav any examples of companies like ucrest? Where they sell licences and not hav cost of sales? Does that mean, other apps providers also do not hav any cost of sales?
johnbrooks. this is accounting presentation when no cost of sales. Every Company can have their own presentation for the FS. No cost of sales doesnt means no cost as they can put their cost at admin expenses. This is accounting presentation, difficult to explain.
No matter how good the company now also going down. Small counters first, big ones slowly one by one kena chop.. today is VS. If really go till 0.20 i will buy more
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
888Money
109 posts
Posted by 888Money > 2018-12-10 15:15 | Report Abuse
or scare about it.....