Does revenue gets generated for contracts with Expired status?

Summary:

Business would like to intentionally leave some contracts in Expired Status and I need to know if:

1) for events created before end date of contract is there any revenue calculated?

2) for events created after end date of contract would be any revenue calculated?

As per current behavior in the application, Expired status would allow creating events with completion date before or after the End Date of the contract.

Invoices are only allowed for events created before End Date of the contract

No revenue is getting recognized for events created in any of the cases stated above (events with completion date before or after the End Date of the contract).