TSXV:ISD.H - Post by User
Post by
MartinGon Dec 14, 2015 11:14am
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Post# 24382043
Real revenues has begun
Real revenues has begun
To provide more clarity to recent announcements, please note:
During November and to date in December we have sold a total of 237 Smart Antennas, generating $172,300 in revenue. Additional revenues of approximately $140 per Smart Antenna will be generated from the sale of ancillary equipment from orders to be received. This is third quarter (ending January 31, 2016) revenue and will result in recurring monthly fees being generated during our fourth quarter.
With the above sales and revenue that we will be recognizing from our licensing agreement with Rich Multimedia Technologies, as well as from other installations and contracts that we, with our resellers, are working on, we are looking forward to a very positive last half of our fiscal year.