Revenues in Wireless Spectrum

12 Months Ended

Jul. 31, 2015

Revenues In Wireless Spectrum [Abstract]

Revenues in Wireless Spectrum

Note 9—Revenues in Wireless Spectrum 

Revenues

In fiscal 2015, 2014 and 2013, Straight Path Spectrum’s revenues from transactions with a single customer that amounted to 10% or more of total revenues were as follows:

Year ended July 31
(in thousands)	2015		2014		2013
Customer 1	$	165	$	165	$	165
Customer 2		87		114		134
Customer 3		70		53		-

The loss of any of these major customers would have a material adverse effect on the Company’s results of operations and cash flows.

Revenue From Patent Infringement

As discussed above, the Company has filed a series of lawsuits claiming infringement of a number of its key patents and was seeking both damages and injunctive relief.  Many of the actions have been settled. In connection with the settlements, Straight Path IP Group recognized revenue of approximately $12,814,000 in fiscal 2015 and $4,372,000 in fiscal 2014. The total settlement amounts aggregated $18.3 million, excluding contingent amounts for which collectability is not reasonably assured. These settlement agreements include license fees for the duration of the license term. The license term is through the expiration of the licenses in September 2015. Currently, all unsettled suits are suspended or dismissed without prejudice.