Probably Won't be the Best Quarter Financially
posted on
Jun 11, 2008 09:05AM
If we can take Dutton at its word that ALL the licenses signed in February EXCEPT Tokyo Electron will be included in the Q4 financials, then based on the historical average of license fee-to-annual revenues, PDS will have earned about $11M for the quarter, so after expenses, PTSC will likely receive less than $5M for the quarter.
Here's what we have to date per the filings, and then the Q4 numbers are estimates based on the historical averages. Obviously we learned that the historical averages are NOT a great barometer since the settlements didn't meet the averages, but this at least provides a comprehensive list of licenses, their annual revenues as best I can find them, and the fees associated with each license or group of licenses as announced by PTSC. It's interesting that while PTSC won't tell Investors what licenses were and weren't included in the quarter, they apparently DID tell Dutton. I don't think that's proper, but at least we seem to be getting some information from them even if in a round-about way. (Excuse the formatting but the borders don't copy to Agoracom)
Date | Licensee | Anl Electronics Revs of Licensee (Millions) - 2006 | License Fee Paid (Millions) | Notes | |||
1 | FY05 | 2/22/2005 | AMD | $5,600.00 | $3.05 | ||
2 | FY06 | 7/7/2005 | Intel | $35,382.00 | $20.00 | ||
3 | 1/24/2006 | Hewlett Packard | $94,081.00 | $26.40 | |||
4 | 2/21/2006 | Casio | $5,187.00 | $2.00 | x | ||
5 | 3/1/2006 | Fujitsu | $42,850.00 | $31.60 | |||
6 | Q107 | 6/2/2006 | Sony | $43,626.00 | $25.75 | ||
7 | 6/12/2006 | Nikon | $6,656.00 | included above | |||
8 | 6/23/2006 | Seiko/Epson | $12,319.00 | included above | |||
9 | 6/28/2006 | Pentax | $700.00 | included above | x | ||
10 | Q207 | 9/1/2006 | Olympus | $8,636.00 | $6.95 | ||
11 | 9/20/2006 | Kenwood | $1,446.00 | included above | x | ||
12 | 11/27/2006 | Agilent | $5,086.00 | $8.85 | x | ||
13 | Q307 | 12/11/2006 | Lexmark | $5,108.00 | $7.32 | ||
14 | 12/18/2006 | Schneider Electric | $5,900.00 | included above | x | ||
15 | 2/8/2007 | NEC (except for NEC America) | $33,742.00 | $15.99 | Attributing 3/4 of 39.8B annl revs | ||
16 | 2/20/2007 | Funai Electric Co., Ltd. | $3,095.00 | $2.92 | x | ||
17 | Q407 | 3/9/2007 | Sandisk | $3,258.00 | $13.42 | x - estimated breakout | |
18 | 4/11/2007 | Sharp | $25,651.00 | $8.72 | estimated breakout | ||
19 | 5/3/2007 | Nokia | $54,290.00 | $20.95 | |||
20 | Q108 | 7/6/2007 | Bull | $1,514.00 | $0.50 | x | |
21 | 8/29/2007 | Lego | $1,500.00 | $1.00 | x | ||
22 | Q208 | 9/7/2007 | DMP Electronics Inc. | ?? | $1.43 | x | |
23 | 9/9/2007 | Denso Wave Incorporated | $400.00 | included above | x | ||
24 | 9/10/2007 | American Power Conversion | $1,600.00 | included above | x | ||
25 | 10/29/2007 | Royal Philips Electronics | $26,356.00 | $18.00 | |||
26 | Q308 | 11/17/2007 | TEAC | $900.00 | $27.92 | ||
27 | 12/3/2007 | Daewoo | $100.00 | included above | |||
28 | 12/6/2007 | WMS Gaming | $500.00 | included above | |||
29 | 12/7/2007 | Lite-On-It | $6,820.00 | included above | |||
30 | 12/10/2007 | Alpine | $23.00 | included above | |||
31 | 12/18/2007 | Matsushita | $77,090.00 | included above | |||
32 | 12/18/2007 | JVC | $6,425.00 | included above | |||
33 | 12/18/2007 | Toshiba | $45,799.00 | included above | |||
34 | 12/18/2007 | NEC Electronics America | $6,054.70 | included above | |||
35 | 12/21/2007 | Verigy | $700.00 | included above | |||
36 | 1/4/2008 | Humax | $654.00 | included above | |||
37 | 1/17/2008 | Psion | $375.00 | included above | |||
38 | 2/5/2008 | Tokyo Electron | $6,772.00 | included above | |||
Totals | $576,195.70 | $242.77 | |||||
Ratio | $2,373.40 | ||||||
Based on the above numbers, for every $2373 | |||||||
in revenue you bring in, you pay $1 in license fee | |||||||
Below are additional licneses signed but values not reveealed yet | |||||||
Date Announced | Licenssee | Anl Electronics Revs of Licensee (Millions) - 2006 | Estimated Fee Based on Historical Ratio of $1 License fee per $2373 in Revenues | Notes | |||
39 | Q408 | 2/8/2008 | Direct TV | $13,160.00 | $5.54 | ||
40 | 2/25/2008 | Mattel | $5,970.00 | $2.52 | |||
41 | 2/26/2008 | AMO | $1,090.80 | $0.46 | |||
42 | 2/28/2008 | Citizen | $2,233.00 | $0.94 | |||
43 | 3/6/2008 | Gerber Scientific | $530.40 | $0.22 | |||
44 | 3/17/2008 | Emerson Radio | $233.84 | $0.10 | |||
45 | 4/22/2008 | Research In Motion | $2,668.00 | $1.12 | |||
46 | 4/28/2008 | Onkyo | $500.00 | $0.21 | estimated annual revs | ||
Q4 TOTALS | $26,386.04 | $11.12 | |||||
TOTALS | $602,581.74 | $253.89 | |||||