SPDV well I can't read the SB10 tonight, but they do have sales, and contracts........
"NET SALES
Net sales, for the nine months ended September 30, 1999, consisted
primarily of the sales for engineering technical services to various aerospace
customers. Net sales were $634,145 for the nine months ending September 30, 1999
compared with sales of $1,083,096 for the same period in 1998 (41.5% reduction).
This reduction in sales was a direct result of Integrated Space Systems' move
from the Small Disadvantage Business classification after being acquired. This
reclassification resulted in loss contract opportunities of approximately
$500,000. However, during this period, contracts with seven new customers were
initiated.
Net sales are generated through either fixed price contracts or time
and material contracts. Sales recognition for time and material contracts is
recognized at time of work, while fixed price contracts are based on a percent
completion basis.
On November 1, 1999, SpaceDev entered into a $4,995,868 firm fixed
price contract with the University of California at Berkeley. It is anticipated
that net revenues will increase in the year 2000 with this contract award." |
