Re: The tricky thing about a settlement is ...
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Our revenues were $1.3 million in fiscal 2011 compared to $2.6 million in fiscal 2010. During fiscal 2010 we licensed one company out of our first round of litigation and three companies from the second November 2009 round. During fiscal 2011 we licensed one company from the second round. As a result of the timing of such license agreements our licensing revenues in fiscal 2011 were $0.2 million compared to $1.6 million in fiscal 2010. eVU product and service revenues were $1,065,000 in fiscal 2011 compared to $954,000 in fiscal 2010.
The above was taken from the top of page 20 in the notes of the 3/31/11 10-K. Only one settlement was announced in the year, TEAC.
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