Update: Marathon Patent Blows Away Analysts' Estimates With Record $13.5M In Q3 Revenue
- Marathon announces record Q3 revenues of $13.5M.
- Three analysts have recently initiated coverage with Buy or Strong Buy ratings.
- $13.5M greatly exceeds the highest analysts' revenue estimates. This represents over 300% growth from Q2 and almost 20X growth from the same period last year.
- Q3 numbers greatly exceed my high estimate of $6 million. The company has now met my year revenue goal of $20M in just three quarters.
- Announcement shows Marathon continues to be best of breed in the IP sector.