Ann: Appendix 4C and Quarterly Update, page-20

"the fact that Boeing is now fully in the picture for this approval tells me that the moment FAA approves this, the OEM will most likely become a client."

I agree with that observation, and perhaps that likelihood is the silver lining in this delay. If Boeing happens to become a customer straight after FAA approval then I'd say this delay is more than worth the wait.

In the meantime we know the audio/avionics business of AEM is becoming increasingly profitable, to the extent that SMN as a whole will soon be able to report profits on a regular quarterly basis. That is some feat IMO.