Wi-LAN, Inc. reports financial results for the quarter ended June 30, 2016.
We analyze the earnings along side the following peers of Wi-LAN, Inc. – Sierra Wireless Inc., BlackBerry Limited and Dragonwave Inc. (SW-CA, BB-CA and DRWI-US) that have also reported for this period.
Highlights
- Summary numbers: Revenues of CAD 20.58 million, Net Earnings of CAD -4.06 million.
- Gross margins narrowed from 62.57% to 1.93% compared to the same period last year, operating (EBITDA) margins now 47.73% from 80.95%.
- Year-on-year change in operating cash flow of 16.65% is about the same as the change in earnings, likely no significant movement in accruals or reserves.
- Narrowing of operating margins contributed to decline in earnings.
The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:
2015-06-302015-09-302015-12-312016-03-312016-06-30
Relevant Numbers (Quarterly)
| Revenues (mil) |
43.03 |
28.05 |
34.74 |
41.43 |
20.58 |
| Revenue Growth (%YOY) |
53.77 |
4.87 |
38.41 |
63.59 |
-52.18 |
| Earnings (mil) |
13.47 |
1.08 |
4.02 |
6.76 |
-4.06 |
| Earnings Growth (%YOY) |
120.66 |
365.76 |
582.55 |
214.47 |
-130.16 |
| Net Margin (%) |
31.32 |
3.87 |
11.56 |
16.31 |
-19.75 |
| EPS |
0.11 |
0.01 |
0.03 |
0.06 |
-0.04 |
| Return on Equity (%) |
17.85 |
1.39 |
4.9 |
8.32 |
-5.21 |
| Return on Assets (%) |
13.72 |
1.09 |
4.05 |
6.9 |
-4.39 |
