The Company projects sales to increase in future quarters from HIT license agreements and MMRPro sales from the existing VisiInc contracts. Shipment of approximately $600,000 in VISI MMRPro systems had been delayed due to additional integration requirements requested by Burkhart Dental and Synnex specifically to back-up data from an MMRPro system to a Seagate NAS box. Requirements also included building seamless integration of MMRPro with Dentrix, the software used by the dentists in the Burkhart channel. The Company also expects to receive additional biotech milestone payments of up to $12.65 million, pursuant to one existing non-exclusive license agreement. To date, the Company has already received $850,000 in biotech milestone payments.
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So the systems are delayed, that $600k would have been a nice win for the first quarter.
The milestone payment of "UP TO" $12.65 million? Want to make shareholders confident, instead of saying UP TO, say between X and Y, with X being the minimum payment due by MM/DD/YYYY
At the risk of repeating myself, next quarter is make or break for this stock. If the next 10Q is like this one......RUN!
In my opinion of course!!
