VRTC (Veritec) NonCurrent Deferred Revenue: $0.24 Mil (As of Sep. 2024)

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What is Veritec NonCurrent Deferred Revenue?

Veritec VRTC NonCurrent Deferred Revenue is $0.24 Mil as of Sep. 2024.

Non-Current Deferred Revenue represents the non-current portion of deferred revenue amount as of the balance sheet date. Deferred revenue is a liability related to revenue producing activity for which revenue has not yet been recognized and is not expected be recognized in the next twelve months.

Veritec's non-current deferred revenue for the quarter that ended in Sep. 2024 was $0.24 Mil.

Veritec NonCurrent Deferred Revenue Related Terms

Veritec NonCurrent Deferred Revenue Historical Data

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The historical data trend for Veritec's NonCurrent Deferred Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Veritec NonCurrent Deferred Revenue Chart

Veritec Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
NonCurrent Deferred Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.20 0.24

Veritec Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
NonCurrent Deferred Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.20 0.20 0.24 0.24
What does a NonCurrent Deferred Revenue of $0.24 Mil mean?
Veritec (VRTC) has a NonCurrent Deferred Revenue of $0.24 Mil as of Sep. 2024. Deferred revenue is a liability related to revenue producing activity for which revenue has not yet been recognized and is not expected be recognized in the next twelve months. View historical data on Veritec and its competitors.
Is Veritec's NonCurrent Deferred Revenue too high?
Veritec's current NonCurrent Deferred Revenue is $0.24 Mil.
How does Veritec's NonCurrent Deferred Revenue compare to WDDD and RBTC?
Veritec's NonCurrent Deferred Revenue of $0.24 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good NonCurrent Deferred Revenue for a Software company?
A good NonCurrent Deferred Revenue depends on the Software industry context. However, NonCurrent Deferred Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high NonCurrent Deferred Revenue mean?
A high NonCurrent Deferred Revenue can signal that a stock is expensive relative to its fundamentals. Deferred revenue is a liability related to revenue producing activity for which revenue has not yet been recognized and is not expected be recognized in the next twelve months. View historical data on Veritec and its competitors. Veritec's current NonCurrent Deferred Revenue is $0.24 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veritec stock overvalued right now?
Veritec (VRTC) has a current NonCurrent Deferred Revenue of $0.24 Mil. The current NonCurrent Deferred Revenue is $0.24 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is NonCurrent Deferred Revenue calculated?
NonCurrent Deferred Revenue is calculated from a company's financial statements. For Veritec (VRTC), the current NonCurrent Deferred Revenue is $0.24 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Veritec Business Description

Address 2445 Winnetka Avenue North, Golden Valley, MN, USA, 55427
Veritec Inc is engaged in the development, marketing, sales, and licensing of products and rendering of professional services. The company renders professional services related to mobile banking technology. Its mobile banking technology is used to offer Prepaid Card Programs to sponsor banks and approved applicants/cardholders. The products and services offered by the company include MTC Debit Card Visa Prepaid Card Programs, blinx ON-OFF Debit Card Visa Prepaid Card Programs, Custom Branded Debit Card Programs, and blinxPay Mobile Wallet App. Geographically, it derives revenue from the United States.