That is plausible.
. Yes, the 50k could start out as deferred revenue, perhaps recognized for example, straight line over five years or in proportion to the sales performance obligation measurement each year.
. Or the contract was considered unlikely to yield high volumes over the course of the agreement (example: An application thought to be used in space travel or LEO satellite applications, such as the material version supporting low temp & radiation resistance application as was one example cited by their work with SiLorix, or not a large-scale foundry.
. A combination of both.
The big payday will be agreements with large-scale foundries, licensing and tech transfer agreements, or direct sales & manufacturing of our own modulators (example may be through agreements with contract manufacturers). I would love to see a tech transfer agreement with Intel get inked. It may do wonders for Intel's shareprice as well.
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