Re: $1 million in IFE related work
posted on
Jun 23, 2009 01:00PM
I think one must look at the IFE fiscal year revenue on a quarterly basis to provide a realistic analysis of the market segment.
Period Prod Service Patent Total
1st Quar 234k 143k 0 378k
2nd Quar 2k 173k 1600k 1774k
3rd Quar 120k 136k 3650k 3906k
4th Quar 6k 127k 4865k 4997k
Tot Year 362k 578k 10115k 11156k
New product sales have been minimal 2 of the last 3 quarters. Service revenue has slowly gone downward and show no signs of improving.
The first quarter accounted for almost 40% of the fiscal year as shown above.
We clearly need new product sales into the IFE market as well as other versions of our products sold into new market segments. We cannot look at the patent revenue as our only source of income, and without new filings, we only have Samsung as this years income source aided by a nominal amount from service as indicated above.