Hi gmcnatt,
I looked at SE a while ago but was thrown a wrench by their “adjusted revenue” number. If anyone has any insight on how they calculate that it would be much appreciated.
Adjusted rev takes into account deferred revenue (where cash has been collect but services not yet rendered) and sales incentive net-off (revenues that were net off against sales incentives).
For example, if revenue for the quarter was $100, deferred revenue increased by $10 and sales incentive net-off was $10, SE would report Revenue of $100 and Adjusted Revenue of $120.
Hope this helps.