Income from patent arrangements likely does not refer to Hybrid Audio. The language of the 8K suggests this 1.1M$ and the 400-800K$ this qtr are part of a one-off transaction. The comment about future income from monetization efforts is obviously not about Hybrid Audio. The HA monetization effort has run its course, we just haven't been told what it means for Aware shareholders due to an unethical technicality used by John Stafford to conceal important facts from Investors.
I expect the 10K will mention where the patent income came from for Q4 2012, I am guessing Daphimo. Same for the aforementioned Q1 patent income. Given the HA case closed in Jan, I would expect some comment about what to expect from that arrangement, but we are dealing with an ethical abyss, so who knows when we will hear about HA.
So my question is why does Aware keep this important information from Public view? Are they protecting my interests by keeping a lid on the price and accumulating shares over the long-term time horizon? Isn't that illegal?
So we have three collections of patents in play.
1) HA - which has run its course and should start paying out soon.
2) Daphimo - which has transferred to IV and has some small transfer fees coming plus potential future royalties if monetization is successful.
3) TQDelta - with whom we also have a licensing agreement.
So while Aware has completed its patent monetization work, its really just begining with the parties that hold 118 of the patents. That is a relief. I definitely feel better about the Daphimo and TQD deals. Not happy with disclosure, but think we are close to getting that sorted out.