The fact that they are getting some customers to pay cash right now is enough for me to hold the shares I have, although I’m not looking to increase my holdings right now. Need to see more of how the cash revenue trends, and also to ensure they are able to collect on the few cash sales that they do have.
Cross-license related revenue in the most recent quarter amounted to approximately $4.1 million and cash-related revenue approximated $600,000 (representing an increase of over 500% relative to cash-related revenue for the quarter ended June 30, 2014).
It is not clear how much was actually received in cash but the release. Cash related may just mean they agree to pay cash over a period of time but has to be within the period for them to record the revenue.
The annualized revenue “run rate” for the most recent quarter approximated $19 million.
Not sure what this is suppose to mean, is it that they say they had $4.7M in revenue in the last Q and that 4.7 x 4 is 18.8 so approx $19M?
But on that logic, maybe only about $2.4M is cash related?