Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.

Using my admittedly limited spreadsheet of license fees, it seems clear that Sanyo was a last quarter deal. Additionally, we see that based on the historical average, the 3 deals included in the recently reported quarterly results would have brought in $2M even. Based on the 10q, however, they actually brought in $2.3M. That's way better than $290K that Asustek brought.

Date Licensee Anl Revs of Licensee (Millions) License Fee Paid (Millions) License Fee to Annual Revnues Ratio
60 Q110 7/2/2009 Smith & Nephew $3,801.00 $1.44 estimate
61 7/29/2009 Cardiac Science $206.00 $0.08 estimate
62 8/14/2009 Melco Holdings $1,268.79 $0.48 estimate
Q1 TOTALS $5,276 $2.00 $2,633
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lambertslunatics
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