Digging into the 10q, it actually looks like the lion's share of revenues were from the Clouding portfolio through the RPX agreement. Based on the booked 50% earn-out liability of $2,148,000, which was subject to the $4M basket, it looks like Clouding's revenues for the quarter after accounting for legal contingencies were around ~$8.3M.
This bodes well for Q4 and makes me think that $2M projection for the quarter is very conservative.
"On July 21, 2014, Cyberfone Systems, LLC (“Cyberfone”), a wholly owned subsidiary of the Company, entered into a Settlement and License Agreement with a single corporate licensee. On July 28, 2014, Selene Communication Technologies, LLC (“Selene”), a wholly owned subsidiary of the Company, entered into a License Agreement with a single corporate licensee. On July 30, 2014, Cyberfone, entered into a Settlement Agreement with a single corporate licensee. On September 30, 2014, Selene entered into a Patent License and License Option Agreement with RPX Corporation, a Delaware corporation (“RPX”). On September 30, 2014, Clouding Corp., a wholly owned subsidiary of the Company, entered into a Patent License and License Option Agreement with RPX."
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