StockGuru Blog: M-Wise, Inc. Looking at Year over Year Revenue and Typical Customers
Stock Guru Profile MWIS-OB m-Wise, Inc. MWIS added five new customers in 2006. MWIS revenues from license fees and products decreased 12% to $1,097,155 for the year ended December 31, 2006 from $1,251,438 for the same period in 2005. The decrease primarily consisted of $1,135,350 in revenues which was derived from a one time licensing fee recognized in 2005 from their contract with First Advanced Multi-Media Entertainment. This loss of revenues was partially offset by $1,006,772 of revenues derived from five other customers in 2006. A look at the recent 10-K filed by MWIS indicates who their customers are. Current…