Second Quarter Fiscal 2014 Financial Summary:
The Company reported a net loss of $172,856 or $(0.00) per share, for the second quarter of fiscal 2015 compared to a net loss of $410,113 or $(0.00) per share for the prior year’s second quarter. For the second quarter of fiscal 2015 revenues totaled $394,502 compared to $101,729 for the second quarter of the prior year. The most recent quarter included $340,034 of patent license revenues compared to $34,725 for the second quarter of the prior year. Operating expenses increased to $567,358 from $511,842 for the prior year’s comparable quarter primarily due to increased patent-related legal costs.

Being the cup 1/2 full type that I am, Q a year ago was 170,614 burn per mo, this time 189,119. I recall burns of upwards of 250K when they were at the previous office and a couple more employees.

The net loss thanks to increased revs, dropped 58%.

The point is, expenses are being managed best they can, what we get out of settlements is nothing to crow about, the numbers are ugly, but less ugly.

10 times more license revenue and looks like eVU looks to be 54,468.

Just think, if all we had was eVU revs...talk about UGLY!

What continues to be more ugly, not less, is the PPS.

But, we are still in the game...