Ann: Licensing Agreement Signed with Telink Semiconductor-XPE.AX, page-173

So looking again, the 5 May announcement does specifically state Telink "revenues" and not Telink "gross margin".

Agreed they are fabless - but that just means an outsourcing of the manufacturing correct? I would think Telink would still have revenues = full sales price x units sold and a cost of sales = total manufacturing cost (regardless if manufactured in-house or outsourced to a foundry).

Unless fabless company's tend to operate on a licensing-fee model as well? I was unsure on this one, so - looking at the Qualcomm annual report for guidance here - it seems the revenues of their fabless segment (QCT) are not comprised of licensing fees, but rather the selling price of their products x units sold.

So that said - if the 5 May announcement was correct in stating "revenues" - it would imply 0.45USD per chip or thereabouts. However as @elphamale pointed out - that is really, really low compared to others out there.

So perhaps they misused the word revenues in the 5 May announcement and in actuality meant gross margin as you have indicated vintage?