Revenue for next year is double the m/cap30 Nov 2023 09:29
· Total contract valued at $800,000
· Expansion of existing license to cover a wider range of products which should increase future annual royalties
· Entire amount expected to be collected in Q4 2023
· As a result of this contract, total cash collection for Ethernity is expected to total:
o $1.5m to $1.7m during Q4 2023; and
o $4.5m to $4.7m for FY 2023