Re: Q1 Product & Service Revs

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DABOSS

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Re: Q1 Product & Service Revs

in response to

Re: Q1 Product & Service Revs

gocougs

posted on Aug 12, 2011 04:28PM

	For the three months ended
	June 30,
	2011		2010
	$		$
Revenues:
Products		39,007		298,615
Services		117,808		188,519
Patent license		2,025,000		25,264
		2,181,815		512,398

Cost of revenues:
Products		37,162		241,685
Services		64,080		86,003
Patent license		911,204		10,106
		1,012,446		337,794
Gross profit		1,169,369

Patents brought in $2,025,000 in revenues.

Cost of the patent licenses (DM etc) was $911,204, leaving EDIG with $1,113,796 just from the patent settlements. Then there were other associated costs and overhead.

The net income was $731,000.

Not a bad quarter at all, especially compared to the prior year.

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