WiLAN Reports Second Quarter 2013 Financial Results
posted on
Aug 08, 2013 06:39AM
Intellectual Licenses for Electronics & Communications
OTTAWA, CANADA--(Marketwired - Aug. 8, 2013) - Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced financial results for the second quarter of fiscal year 2013 ended June 30, 2013. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.
Second Quarter 2013 Highlights
"Our second quarter revenues exceeded our guidance and increased sequentially over the first quarter." said Jim Skippen, President & CEO. "Despite unusually high litigation activity targeted at realizing value from our broad portfolio of IP, our business generated $2.1 million from operations during the quarter and returned over $7.1 million to shareholders in dividend and share buyback payments."
Added Skippen, "During the quarter we signed five new licenses including a broad Digital TV and Display portfolio license with Panasonic and an early license renewal with Samsung. We look forward to further strengthening our business relationship with Samsung and seeking opportunities to work together in the building of more valuable patent portfolios."
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