FROM 10 Q !
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Feb 10, 2009 11:42AM
Our revenues were $6.1 million for the first nine months compared to $4.8 million for the prior year's nine months. Revenues in the first nine months included $5.25 million of patent license revenue. Last year's first nine months revenues included product sales to new European in flight entertainment ("IFE") customers. Recent eVU sales activity has been slow due to airline industry economics and industry credit concerns resulting in airlines curtailing expansion and new projects. We are aggressively pursuing new business but our results will be dependent on the timing and quantity of additional patent licenses and eVU orders. We seek to expand and diversify our customer base both in the IFE space and other markets. The failure to obtain additional patent license revenues or eVU orders or delays of orders or production delays could have a material adverse impact on our operations.