Q: Does the company explain the nature of the delay from one customer? Delay in placing an order, accepting the finished order, paying? Can we be confident that is just a delayed transaction?
I've seen examples where an event like this turned out to be more serious than it first appeared.
I've seen examples where an event like this turned out to be more serious than it first appeared.
5i Research Answer:
Management noted the delay is due to construction site preparation. DRX has over 300 loads of steel structures and steel components that have been fabricated and are waiting to be delivered to the construction site. Installation schedules are difficult to compress over time, so missing these revenues could risk them being moved forward into the next fiscal year.