Ann: Licensing Agreement Signed with Telink Semiconductor-XPE.AX, page-118

My calcs:

In the 5 May announcement, it is stated Telink earned $15m USD in revenues in 2015 and is expected to triple this in 2016. 3 x $15m = $45m USD in expected Telink Revenues. We are now aware that they are looking at 100m chips in 2016. This puts it at approximately 0.45USD per chip

So:

80m x $0.45 = $36m USD in IoT revenue for Telink
$36m x 17.95% royalties earned = $6.5m USD in royalty revenue for Xped
$6.5m USD = $8.6m AUD using today's rate of 0.749

$8.6m at a multiple of 20x (see my earlier post for my rationale there - basically boils down to early stage tech company, with R&D completed, and a licensing revenue model --read: high margins, should demand a high multiple) = $173m market cap justified on this announcement alone. Add what's in the pipeline and I think we should easily be supporting $250m market cap at this stage....

Just my rough estimates/calcs - dyor.