There seems to be some delay in the money receipts.
The 215 stores that were installed should have at least generated 215 x $200 x 3 = $129,000 The installation fees for the quarter should be far above 187 x $1,000 = $187,000 plus any monthly fees earned from the 187 stores for the quarter. So there should have been revenues earned of more than $350,000 received only $163,000 I wonder what the payment terms are.
I also have never seen an announcement of a research grant received by the company. Is DTS not entitled to it?
Research and Development expenses have increased a lot. Does this mean that new products and services are on the way?
It is good to see that Ido confirms the 1700 installations even though with a slight delay.
The company achieved about two installations a day in December. This needs to increase to about 8 per day from February to June to get to 1,700.
Thanks
K
DTS Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held