As I dive deeper into the Megapack numbers, things just keep getting more impressive.
One of the keys to understanding this product is the fact they are sold on performance contracts. That means that certain levels have to be hit before the company can realize the revenues. What this means is the company is deferring a great deal of revenue from this product.
In this video I discuss the differnce from teh 10-Q at the end of Q1 and Q2. This is where it spells out what is deferred within the energy business and what they expect to meet over the next 12 months. We can see how the energy numbers are about to change even more.
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