tempelife / Re: ease & SGE1 / Re: kamranta - Ease
in response to
by
posted on
Apr 01, 2008 04:38PM
If you look at the last 10q, you'll find the following on page 22:
"During the six months ended November 30, 2007, TPL entered into licensing agreements with Bull, Lego Systems, DMP Electronics, Denso Wave, Bossiere (Schneider) and Philips."
Also, you'll see on page 15, that PDS revenues for the SIX months ending 11/30/07 were $20,933,000. From the previous 10q (Q108), in the subsequent events section, you'll see the following:
"During the period September 1, 2007 through October 10, 2007, Phoenix Digital entered into license agreements with third parties, pursuant to which it received aggregate proceeds totaling $1,433,000".
Therefore, when you take into account that between 9/1 & 10/10, the only licenses signed were DMP, Denso Wave & Schnieder (APC), you can extrapolate to know that Philips paid $18M, and that they were indeed reported in the last 10q. However, TEAC was not, though I'd expect their fee to be relatively small.
One thing to note, when you are looking at the numbers, you need to look at the PDS revenue numbers, NOT the PTSC net profit numbers as it appears you are referencing when you say PTSC reported licensing of $4M. PTSC gets HALF of the PDS revenue minus expenses and counts that as income from their investment in PDS. They then combine that income with the other income they have from Holocom and other stuff, minus whatever expenes PTSC itself has. The number you reference takes into account these figures minus money that PTSC has alotted for taxes, so the $4M is deceiving when it comes to looking at license fees.
Also, PTSC has indicated that it counts revenue (ie license fee) in its entirety on the day the license is signed, NOT when the check is received. Therefore, provided they have the signed licenses for all the deals thru 2/29/08, they should all show up in the 10q regardless of whether the money was actually collected by the end of the quarter.
Hope this helps.