The estimated timeline had "Begin generating revenues from quantum dot material sales" in Calendar Q3-2016. So the 10-K has $15K of revenue in Calendar Q2 in addition to the Q1 $225K from Nitto Denko. I think it is reasonable to assume that the $15K was due to the sale of quantum dot material since the company has stated that they shipped QD samples in Q2.
This initial revenue from material sales is quite modest, but it started earlier than forecast in Q2 rather than Q3. So we will wait for the 10-Q in November to see how the material sales revenues may grow larger due to the scheduled increases in shipments of samples while in this pre-production mode.
To me, the new forecast in the 10-K to "commence generating revenues from the production of materials at the San Marcos facility in early 2017" is referring to the beginning of revenues from commercial scale production in 2017 rather than the pre-production sale of samples in 2016.
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