Content analysis
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Legalese | ||
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New words:
arrangement, capacity, count, deferred, director, discontinued, fourth, head, length, milestone, partly, policy, proceed, quarter, recipe, seeking, yearly
Removed:
AZ, build, building, confirmation, consummated, deposited, depositing, distinct, enabled, estimated, evaluating, extend, finalize, financed, install, integrate, IP, IPO, lab, met, MSTcadTM, package, performing, private, processed, proportionate, public, quantity, record, reduced, targeted, technical, travel, treated
Financial report summary
?Management Discussion
- Revenues. To date, we have only generated limited revenue from customer engagements for engineering services, integration license agreements, a manufacturing license granted under a JDA and licensing of MSTcad. Our license agreement with ST, which was executed in April 2023, is our first commercial manufacturing and distribution agreement and, assuming successful completion of contractual milestones and payments of associated fees, will entitle us to royalties on all MST-enabled products manufactured for commercial purposes. Our MSTcad licenses grant customers the right to use MSTcad software to simulate the effects of incorporating MST technology into their semiconductor manufacturing process. MSTcad licenses are granted on a monthly or yearly basis and revenue is recognized over time.