RE:RE:RE:RE:RE:RE:News out guys !!! I actually expect revenue sooner. It will be according to the agreement, but if it is "normal", the chip maker owes NXO for every instance of manfacture, not sale. NXO does not take the risk of the sale or collection of the receivable. For Qualcom it becomes part of its production cost.
So if it produces and stockpiles 20 million chips (made up number) NXO gets paid for 20 million instances of the chip on manugacture. Qualcom inventories the chip and sells it over time.
If you know the music business, it is like payimg "mechanical royalties" . The record company pays a license fee up front to the publishers via an agency (Harry Fox in the US) in order to obtain the right to include a song on an album.
slowandeasy wrote: Henry- Well said. Revenue reports will be nice when the shipments are sent.