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Aware, Inc. Message Board

  • elitecrete1 elitecrete1 Feb 15, 2013 1:57 AM Flag

    Aware 2011 10K statement re royalties

    Royalty revenue consists of royalties we receive under DSL silicon IP contracts with customers that have incorporated our intellectual property into their products. Since we cannot reasonably estimate royalty revenue, such revenue is generally recognized in the quarter in which a final report is received from a customer. Royalty reports are typically received in the quarter immediately following the quarter in which sales of royalty-bearing products occur. The terms of our agreements generally require customers to give notification to us and to pay royalties within 45 to 60 days of the end of each quarter.

    Sentiment: Strong Buy

5.66-0.14(-2.41%)Apr 15 4:00 PMEDT

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