Re: earn-out

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Guernsey21

Rank: Treasurer [?]

Points: 1727 [?]

Votes: 156 Score: 2.8 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: earn-out

in response to

Re: CC Transcript 1: Suresh's Remarks

Guernsey21

posted on Nov 21, 2019 10:29PM

Follow-up on the possible earn-out on sales. It appears conditions for earn-out will not be met (my bold)

From today's Q3 MD&A:

The Share Sale Agreement included an Earn-Out provision which provides for additional consideration in the amount of US$4 million to be paid to the Company in the event that the audited revenues of DenseLight for the year ending December 31, 2019 were at least US$9 million with gross margins comparable to prior periods. At the present time, the Company does not anticipate that DenseLight will meet this revenue target.

5 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply