Awesome announcement. Much clearer. The first announcement should have been this clear.
additional revenue
Also a timely reminder that the annual revenue from Nexus Vita puts us at effectively break even. This is a huge step forward us as we are effectively an early stage tech that is trying to scale. There are not many early stage techs running at break even, let alone profit.
Any agreements prior to or after Nexus Vita that result in revenue are effectively reflective of AHI's profit after cost of sales and opex. With each binding term sheet successfully rolled out, our licence fees start to scale quickly and if a few of them (I'm looking at you, Tinjoy and McGregor Fast) put some serious volume through the app, our earnings could absolutely fly.
Timing on this hasn't been as early as most would like but its nice to know we're still ticking along as planned.
Now for the update on NASDAQ to drive a nail through any remaining concerns of that the market may have.
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Awesome announcement. Much clearer. The first announcement...
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