Business Context and Reporting Period
This Form 8-K was filed by Wireless Ronin Technologies, Inc. on September 8, 2010. The report discloses a material event under Item 8.01 (Other Events) regarding a new purchase order received from an existing automobile customer.
Key Financial Metrics
The filing details a specific transaction rather than periodic financial statements. The key metric disclosed is a new purchase order valued at $1.2 million, broken down as follows:
- Hardware: Approximately $0.8 million
- Software and Services (RoninCast): Approximately $0.4 million
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
Material Changes
The material change reported is the receipt of the $1.2 million purchase order. The Company expects to complete the associated installations within the next 30 to 60 days. No comparative data versus prior periods is provided in this specific filing.
Guidance, Outlook, and Risks
Outlook: Management anticipates the completion of installations for this order within 30 to 60 days from the filing date.
Risks and Contingencies: The filing does not explicitly list risks, contingencies, or unusual items beyond the standard disclosure of the new order.
Investor Verification Checklist
- Verify the identity and creditworthiness of the "existing automobile customer."
- Confirm the revenue recognition timeline for the $1.2 million order (hardware vs. services).
- Monitor the 30 to 60-day installation window for potential delays.
- Review subsequent filings for actual revenue recognition of this order.