OneSoft Solutions Inc. Announces Intention to Revise the Company's Fiscal Year-End; Provides Earnings Guidance for the Revised Fiscal Year Ended December 31, 2018
Provides Earnings Guidance for the Revised Fiscal Year Ended December 31, 2018. As result of revise the Company's fiscal year-end, recent operational events, revenue for the revised fiscal year ended December 31, 2018 (for ten months of operations) will quadruple over the prior fiscal year (12 months of operations), to exceed $4 million. This revenue bump arose from recognizing $2 million of deferred revenue previously recorded and additional revenue associated with the Polaris development project, and other sales. While the revenue bump is not all SaaS recurring revenue, it is conceivable that the Company may undertake similar development projects in the future which may produce similar revenue events.