Boeing deal revenue
"Maybe, but much of that was deferred from the Boeing deal years ago."
Psid, actually, according to the 2013 10K filed on 4/11/2014, the Boeing deal revenue was all paid to PSID in 2013:
"In December 2012, the Company entered into a Sole and Exclusive License Agreement, (the “Boeing License Agreement, a Teaming Agreement”), or Teaming Agreement, and a Security Agreement, or Boeing Security Agreement, with The Boeing Company, or Boeing.
The Boeing License Agreement provides Boeing the exclusive license to sell PositiveID’s M-BAND airborne bio-threat detector for the DHS BioWatch next generation opportunity, as well as other opportunities (government or commercial) that may arise in the North American market. As consideration for entry into the Boeing License Agreement, Boeing paid a license fee of $2.5 million to PositiveID in three installments, all of which has been paid."
Revenue is Gross Revenue, not Net Profit. Of course money was paid to purchase MFS and E-N-G. Of course, there were costs for materials, supplies and labor to build the RV's and M-BAND. You could probably find entries for those costs in the financial statements. And that money probably came from shares. So what. The point is that the CEO acquired these businesses on the cheap and they have quickly brought in revenue which has been ongoing. Hopefully, he can successfully continue to grow them while he seeks funding to commercialize FireflyDx.
It looks like he is a very good businessman to me. That is what attracted me to this company. Rather than spend his own money, he is leveraging the investment. If he has made a personal fortune, good for him! Maybe he can do the same for shareholders.
