Wi-LAN Inc – US listing (WILN) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Wi-LAN Inc – US listing (WILN) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $.01. The company posted revenue of $15.96 million in the period, compared to analysts expectations of $29.53 million. The company’s revenue was down -54.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Wi-LAN Inc – US listing closed down -0.46 points or -17.83% at $2.12 with 2,73,313 shares getting traded on Thursday. Post opening the session at $2.23, the shares hit an intraday low of $2.12 and an intraday high of $2.4 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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

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