WiLan Reports Huge Revenue Growth For Q2 '11

BY: 

Dave Forde
August 8, 2011

Telecommunications company WiLAN announced another good quarter last week with their second quarter results with revenues of $27.4 million representing an increase of 137% over the comparable period last year.

“WiLAN delivered very solid financial results in the second quarter of fiscal 2011,” said Jim Skippen, Chairman & CEO. “New license agreements signed earlier this year contributed to record revenues and significantly reduced litigation expenses in the second quarter.”

WiLan Second Quarter 2011 Highlights:

  • Record cash revenues of $27.4 million, an increase of 137% as compared to $11.6 million in the three month period ended June 30, 2010
  • Net earnings of $10.3 million, or 8 cents per share, as compared to a net loss of $5.6 million, or 5 cents per share, in the three month period ended June 30, 2010
  • Signed a new license agreement with Cisco Systems Inc., representing the Company’s first license renewal
  • Signed licensing partnerships with 01 Communique Laboratory Inc. and Poynt Corporation
  • Acquired a portfolio of mobile communication patents from Glenayre Electronics, Inc. for $8.0 million
    Generated $20.5 million in cash from operations; cash and short-term equivalents increased to $204.5 million at quarter end

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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