Patriot Scientific

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

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epd262 / Re: Is it possible?

Patriot Scientific

over 12 years ago

in response to epd262's message

Not if signed last quarter. Possible if signed since.

PTSC's revenue recognition policy is as follows:

"Revenue from technology license agreements is recognized at the time a contract is entered into, the license method is determined (paid-in-advance or on-going royalty), and the customer is provided with the licensed technology, if applicable."

So if GE or Motorola signed before the end of 11/2011, the revenue from that contract SHOULD BE contained in the 10q PDS numbers. If done after November, then we should see the revenue in the next 10q.

Corrections welcome.