RE:RE:RE:Well that was not expectedIt was quite unclear to me from the quarter how the new royalties will work and where (and when) they will be recorded (i.e. is it other income). It doesn’t appear that any royalty or license income was recorded in the quarter so not sure when they kick in (maybe Q4). Also still no discussion on the rice planter opportunity, at least not in the press release.. if hear nothing on the call then I’ll assume it’s dead as is the R&D money they spent to develop it. And while it’s nice to hear that Wheelman is getting a lot of acclaim as a good product there was no discussion about sales volumes and potential so management needs to add some colour their. Great products that don’t sell are useless.
I still want to know want the potential is for a second big OEM purchase order, perhaps once the current one expires, was it made to be 12 months as a test and if successful it becomes a permanent part of the business? Or is this truly a one time deal. $19.5mm in the bank is great.