As previously described here, the Sequenom, Inc. (NASDAQ:SQNM) IP Pool agreement with Illumina, Inc. (NASDAQ:ILMN) is complex, clouding the new business model. After the Q1 2015 conference call I tried to clear up the confusion here. These conclusions though seemed inconsistent with company updated guidance for licensing revenue (midpoint of $6m to $14m range). That inconsistency led me to contact Carolyn Beaver for some clarification. This blog will hopefully help clarify the agreement and it’s impact on revenues.
IP Pool Components and Disclosures
There are several components to the IP Pool. They include: