Element 14 we did at a time of a financial boom. We had people beating a path to our door offering inflated prices. They offered a 32 times return to the investors. It would have been mad to turn it down. And we thought we can always do another company. |
Our opportunity is that the number of different air interfaces is increasing. One of the benefits of using our architecture is that we can support multiple air interfaces on the same silicon. It just requires more programs that all go on the same silicon. |
We are currently on a $2.5 million a month burn rate. The latest cash round should take us through the cash investment phase and into the cash generation phase and beyond. |