Deferred revenue down
Is this due to adoption of ASC606 vs 605? 606 recognizes more revenue up front, which would necessarily mean that deferred revenues would be down. From the conference call, “Our Q4 ASC 606 revenue was $89.2 million. Our Q4 ASC 605 revenue was $60.5 million, an increase of 57% year-over-year.” Immediately preceding that they note that “we have posted a presentation on the investor section of our website that provides additional details on the impact of ASC 606 on our financial information and disclosures, and the financial impact of adoption is also presented in our earnings release.” I have yet to review this, but that could provide additional insight.