Friday, June 23, 2017 11:00:35 AM
. $290MM of filters under license today, which is about 4% of the TAM
. expecting royalties of 10% or higher, though not expecting that all $290MM worth of filters will convert (though a single client with 5 designs under license has commercialized 4 of them already)
. equals roughly $20-$35MM of potential revenue over the next 9-18 months
. 2Q2017 will start to see modest revenue ramp
. they have $18MM in the bank as of end Q1, which is enough cash to support their expected burn through 2Q2018 (excluding revenue contributions)
. institutional investors showing "significant interest"
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