So far, revenue is still in the “hoped to see someday” stage, but several useful matters can be extracted from the March 16, 2018, filed 2017 10 K Annual Report.Although VirnetX stock is currently below $4 per show, down from a yearly high of $8.75, this is an exciting time for the company and the stock could quickly rebound.Current Litigation Status The annual report notes two main patent infringement cases against Apple are proceeding and could be profitable.The first case, dubbed “Apple I,” originally resulted in a verdict of $368M. The calculation of damages but not Apple’s liability was vacated on appeal.The new damages trial has been completed and a new award of $343M was obtained. The judgment is now being appealed by Apple with briefing occurring this month.I think the company ultimately cashes in on this judgment before the end of 2019.A second infringement case against, called “Apple II” is noted in the annual report as having jury selection set for April 2nd.I checked the Texas court records and the trial appears on track with a final pretrial conference being held on March 26th.Investors will want to be closely following any reported case developments.
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