And to further complicate matters, LQMT isn't even a supplier. I believe the prevalent theory is that LQMT will get revenue from "royalties" due to our territorial exclusivity. If that theory is correct, then there is one or more secret agreements in place that defines the terms (payment due date, amount, etc.) of these "royalty" payments. (Remember that the PLA doesn't discuss royalties at all. Only mutual promises not to export to the other's exclusive markets.)
If such a secret agreement does exist, it wouldn't surprise me if the royalty payment due date is 60-90 days after the end of the customer's (e.g., Asus) quarter. At the end of the quarter, the customer could then determine the number of units shipped into the exclusive territory and then determine the amount due.
Clearly, this is merely my opinion on when payments could occur (if ever). I have no documentary evidence or links to substantiate it. I'm just saying that 60-75 days may be on the optimistic side.
Personally, I am undecided on whether LQMT will receive revenue from CE anytime in the near future (i.e., next couple of years). From reading the MTA (Apple has exclusive license to CIP technology in field of CE), reading the PLA (neither party has a license to use the other party's technology in the field of CE, no discussion of royalties, only "licensed products" are subject to the territorial exclusions, which by definition require a patent and 106c is not patented, etc.), and reading SEC statements (LQMT is not using "our" alloys in the field CE), I come to the conclusion that LQMT will not be getting revenue from CE.
On the other hand, there is a lot of movement going on with Asus and Yihao, but LQMT could be on the outside looking in. There is no known contractual relationship that directly connects LQMT to either Asus or Yihao.
TWT and I hope that revenue starts pouring in, but hope makes for a lousy investment strategy. As far as investments go, I'd rather be lucky and well off than correct and poor.
News 
Market Data 
Discover 
AI
