At long last, management have taken the hint.
Intel
"The Company is confident that these various MOU’s will progress and deliver revenue streams. Further updates will be provided when material progress has been made.
Implication: many months until revenue IMO
Telink
"Winning the protocol fight against WIFI, BLE and Zigbee is unlikely and as such the ADRC port will likely be focused solely on customers who value the security and simplification that ADRC brings to device onboarding."
"It is also important to note that the ADRC protocol is not pertinent in this situation, however, RML, the Xped APP, and cloud services are the key elements of interest with this customer."
Implication: remains to be seen how many Lenze iChargers will sell. Still unsure what will be achieved through the Telink relationship other than piggybacking the good Drs name for IoT credibility. Revenue likely low to very moderate at best for iCharger.
JCT
"JCT continues to make steady progress with delivery of the new much awaited Artificial Intelligence (AI) product lines to the various health, disability, and aged care sectors. Importantly, JCT will meet all obligations for the much-anticipated completion of the flagship Lightsview project by July 15, showcasing the technology to various government health care organisations."
"The total value of the Lightsview project is $600,000."
"Better than anticipated sales have been recorded for the months of April and May, with collective sales approaching $350,000 for this current quarter to date. The increase in sales has been attributed to the completion of integration with Xped,"
Implication: Mixed feelings although mainly cynical about JCT. Will be interesting to see what develops materially as a result of Lightsview project. One thing is for certain, I hope for everyone's sake that their communication with prospective contractors is better than that of shareholder communication. On revenue, report is vague and confusing. Are the $350k quarterly sales from "channel partners" per earlier JCT announcements or is this related to Lightsview? In any event, revenue is neutral at best.
Smart Home Solution
"An announcement on the product offering is expected to occur within the next 6-8 weeks, with inventory orders placed shortly thereafter."
"The Company is currently in advanced discussions with a major International Telecommunications provider, that has demonstrated a significant amount of interest in white-labelling the Xped “One APP” solution and deploying these integrated products to their retail and wholesale customer base."
Implication: yet another example of XPEDs propensity for fluff. Light on details, heavy on hyperbole. Likely to quietly die in the background IMO.
Financials
IMO this needs to be addressed still. Cash burn still far too high. With many months until substantial revenue (if achieved), XPED will continue to CR and begin the "Dilution-cycle"once again.
All in my humble opinion. And I mean the humblest. Just an opinion.
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