Key highlights for the three months ended October 31, 2018 include:
? Commenced production and shipment to Kroger and others to align with deployment requirements;
? Continued to develop and implement applications designed to drive adoption of our silicon solutions in
concert with industry leading, global players such as Comcast and Nokia.
? Q2 2019 revenues of $127,900 which marked sequential quarter on quarter growth of 64.6% and
growth over the same quarter a year earlier of 484%.
? Gross margin of 25.9% was a significant increase from the 9.1% achieved in the quarter ending
October 31, 2017. Upon reaching volume production, our target is to achieve 45-50% Gross Margin.
? Order backlog of $948,475
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