Revenue Update on Wi-LAN Inc – US listing(NASDAQ:WILN)

Wi-LAN Inc – US listing(NASDAQ:WILN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $15.96M. Analysts estimated a revenue of $23.46M. Earnings per share were $-0.03. Analysts had estimated an EPS of $0.10.

Wi-LAN Inc – US listing (WILN) remained unchanged at the close of Thursday session. Even as the volume increased to 60,676 ,the shares failed to make any impression and ended at 0 points or 0.00% at $1.79. The trading session commenced at $1.8 and the stock hit a high of $1.85 and touched $1.79 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $3.04 and the 52-week low is $0.9301. The company has a market cap of $213 M and has approximately 11,91,06,481 outstanding shares.

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.

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