Wi-LAN Inc – US listing (WILN) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Wi-LAN Inc – US listing (WILN) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.11. The company posted revenue of $30.10 million in the period, compared to analysts expectations of $30.36 million. The company’s revenue was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Wi-LAN Inc – US listing opened for trading at $2.22 and hit $2.23 on the upside on Friday, eventually ending the session at $2.22, with a gain of 0.91% or 0.02 points. The heightened volatility saw the trading volume jump to 1,59,846 shares. Company has a market cap of $268 M.

Wi-LAN Inc. (WiLAN) is an intellectual property licensing company. The Company develops acquires licenses and enforces a range of patented technologies which are utilized in products in the communications and consumer electronics markets. The Company also manages intellectual property and licenses the patented technologies to corporations. The Company through its wholly owned subsidiary WiLAN Labs develops technologies related to 4G broadband wireless networks. These solutions optimize the deployment of mobile networks at a time when demand for bandwidth-intensive multimedia data traffic is high. The Company generates revenue by licensing its patents to companies that sell products utilizing technologies including Wi-Fi WiMAX Long-Term Evolution (LTE) Code division multiple access (CDMA) Digital Subscriber Line (DSL) Data Over Cable Service Interface Specification (DOCSIS) Bluetooth and V-Chip.

Wi-LAN Inc - US listing

Leave a Reply

Wi-LAN Inc - US listing - Is it time to Sell?

Top Brokerage Firms are advising their investors on Wi-LAN Inc - US listing. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.