Gee thanks Canacrap that is really, really just what we needed (not)!!!

WiLAN down 5.7% on post-earnings Canaccord downgrade • 11:47 AM

• Canaccord has downgraded WiLAN (NASDAQ:WILN) to Hold a day after the company posted its Q1 report.
• Shares are down 12% since the report. WiLAN slightly beat Q1 estimates, but guided for Q2 revenue of "at least" $18.3M (unfavorable to a $22M consensus). Adjusted earnings guidance is at $5.5M-$6.7M.
• The IP licensing firm added it won't be providing revenue/earnings guidance going forward due to a belief it's "not particularly helpful to investors since it perpetually underrepresents the revenues that WiLAN actually receives." WiLAN notes it has continuously beat its sales guidance for more than 3 years due to the fact it doesn't include "running royalty payments expected but not yet received in the quarter or amounts from new licenses signed after guidance is given."