$US4M in licence fees, which is great news. It will be many months before these new licences generate royalties. We've been waiting for royalties from Renesas for over 18 months.
Sean did say that revenue would be "lumpy", so let's not confuse our eggs for chickens.
That said, if Megachips can keep the licences flowing, and MosChips can also get a bit of momentum, ...
We officially teamed up with MegaChips in November 2021 (but we may have been friends for some time before that) so reporting revenue in 10 months is very pleasing. It means that the licences were signed within a 6 to 9 month window after the announcement.
Our association with MosChips was announced in May 2022, so I'm hoping that they will benefit from the growing momentum of adoption of Akida.
Then there's our new partnerships with ARM, SiFive, Prophesee, and long term associations with Valeo, NASA (DoD), ... and start-ups NaNose, Biotome nViso, Edge Impulse, ...
... and, of course, Mercedes.
So there are plenty of opportunities for revenue generation, it's just that we don't know when.