Thank you for posting
This is one excerpt that captured my attention
(Mark) right okay but it's fair to say that in sort of in general then you're looking at companies like this they pay you a license fee um in in maybe more more at high level than what sort of time what sort of delay is there between getting that first Revenue in from licenses and actual sort of royalties from mass production
(Sean) yeah it certainly takes time so when somebody when somebody's going to build a custom chip it takes a fair amount of time and typically IP selection is pretty early in as part of that process so once they decide to buy their IP then they're going to have to go ahead and complete the design of their chip and that takes anywhere six to 12 months and at that point then of course when the chip comes back they're going to do some test QA and then eventually it goes into their end product and then it goes out to Market so it could be well over a year two years at a time
So since Sean Hehir was appointed on 29 November 2021, approx 3 years 4 months, it is not unreasonable to have expected at least one sale of an IP license
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Ann: Change of Director's Interest Notice - Hehir, page-62
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