Sometimes it can be year-to-date extrapolated to full year (which might be calendar or fiscal). The tricky part is the timing of the cutoff period can yield true but misleading numbers, especially in the case of seasonal sales, a major order or just prior to some revenue's recognition period ending.

So, it's saying something but without more details it's also vague and always partially forward looking. I prefer the TTM metric (Trailing Twelve Month revenue).