|combining thoughts on several posts...|
panl2011: What happened to the interest income? very light
They've been decreasing short term bonds in favor or cash and equivalents. Probably just a result of the current low interest rates.
ChicagoBridge7: So, if the contract is prematurely terminated, is the remaining deferred revenue recognized immediately, or is it rolled over into the new contract ?
UDC recognized an extra 3.8 million in deferred revenue as a result of change of assumptions this quarter. Since the LG contract is effective Jan 1, I'm guessing that represents the difference between the old and new contract.
chessboard_andy: My bottom line take-away is that Ir will be a margin squeezer coming up soon. There may be some hedges in place to temper the impact, but the increase in inventory (at cost acquired) and management's commentary that they expect 65-70% gross margins for the full year both lead me to believe that the Ir price increase will be pretty easy to see by next quarter.
For the year 2020, materials margin was 67%. Slacker noted they have inventory for 18 months of production. Message 33290460
So with FIFO the materials they are using this year would have been purchased in 2019 or early 2020. It will have an impact at some point, just not sure when? Another explanation they have given for lower margins in the past is selling developmental materials that have not yet been scaled up in the PPG production lines. So another possibility is they are expecting more of that later this year (blue?).
Slacker711: ~200k in blue/host sales. $100k last year.
Since the materials sales number are rounded to the nearest 100k, there can be a lot of rounding error in this but here's what I get for the past year.
2020 q1 100k
2021 q1 200k