Here Goes iGo

Todd Sullivan submits:

iGo (IGOI) now has its major lines on Walmart.com just as the company said it would on the recent earnings call. Expect more to rapidly appear both here and in stores. Now iGo has two products in store (the laptop (1200 stores) and netbook charger) and more coming in the spring.

More importantly, currently Wal-Mart (WMT) shipments are going under the “deferred revenue” category (under the liability side of the ledger). That number, $2.5M is mostly Wal-Mart. This means the revenue is not realized until Wal-Mart sells a product. It is a very conservative way to account for sales (I like it).

By admin posted about 1 year ago

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