Aug. 2 at 2:56 AM
$POET I’m inclined to believe that Suresh, on this last interview, meant that NREs will constitute most of the RECOGNIZED revenue in 2025.
Poet already reported
$425,000 in customer deposit in Q1 and
$166K in NRE for Q1. The deposit is a liability until the product is delivered - which may not be recognized as revenue until Q3 (shipment of product is received).
Beyond the NRE revenue as a proxy measure for future orders, one would hope to see corresponding customer deposits increases as well.
