Many thanks GHF in posting this useful analysis of the company.
Its true that the timeframe to sign contracts was lengthier than expected which upset a few people resulting in deferred revenue.
I dont think investors have grasped just why this company is so important and your summary ironed out a few points.
We are entering the age of digital broadcasting and Pilat services/solutions are essential in allowing providers the chance to configure their systems and programming in a way that makes sense and ultimately money.
I am surprised that the SP has remained so sluggish given the massive potential and very real progress the company has made.
rgds FSE