Disappointing result but in hindsight, not totally unexpected.
If SN Tech were invoiced in the 2nd quarter but GPI beat them to the punch in providing milestone 4 then it was always a good chance that they hadn't paid. As others have said now we need to be told why. Can we assume we won't be selling them any more licenses until they cough up some money?
The low ball figure from GPI is explained in the HY report. Notes to the Consolidated Financial Statements
Page 16, note 3
(a) Types of goods or service
> Product revenue $19,738
> License revenue $242,225
> Development service revenue $243,038
Total $505,001
GPI are attending the Macau Gaming Show 13-15 November. Lets see if they officially launch the ATS. (couldn't find much on it at Vegas)
As for Veritone, I doubt we will see any money from them for a while yet. They expected to gain FedRAMP compliance by the end of 2018 so depending on uptake we might see a few dollars in the March quarter if we are lucky. Motley Fool had a right up on Veritone a few weeks ago. The aiWARE platform currently only accounts for 25% of their revenue. Is Veritone Stock a Buy?
I think Lou was expecting much better numbers when he signed on for TechKnow. Tough gig presenting at an investment roadshow on these numbers.
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