RE:First Quarter Results Also note: AJX is loaded with valuable (but until now grossly under exploited) IP. As that IP generates revenues that carry 50%+ gross margins (which it looks like is in the cards), and no tax is paid on profits, AJX can build a pile of cash in a hurry.
The IP value is growing rapidly as AJX spends about 5X the R&D spend of OEMS (as a % of revenues). And the spend is now more and more focused on creating the 50% gross margin products and software carrying even higher margins.