it all depends on terms that LQMT negotiates in contracts as to how much potential revenue they could actually generate or receive. Even if there is business, they may not get their fair share depending on terms and conditions. so far, there's nothing to get excited about other than a major license announcement (e.g. AAPL) and fee that LQMT burned through some time back; they don't get any recurring revenues ( from royalties, etc.) according to them. Also, with Swatch, the revenue is insignificant according to them ( LQMT ). The reason given is that they have been in precarious negotiating positions ( due to financial distress). Now that they have a line of credit, it still remains to be seen what their actual negotiating position will be for future business, especially if they aren't happy with margin splits with VPC, etc.
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