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Wi-LAN Inc. (TSX:WIN) has announced its financial results for the three and 12 month periods ended on December 31, 2015.
Wi-LAN Inc. (TSX:WIN) has announced its financial results for the three and 12 month periods ended on December 31, 2015.
According to the press release:
Fourth Quarter 2015 Highlights
— Revenues of $26.0 million, up 18% — Adjusted earnings(i) of $15.7 million, or $0.13 per basic share, representing 60% of revenue Adjusted earnings increased 30% from Q4 2014 — GAAP net earnings of $3.0 million, or $0.02 per basic share — Returned $4.8 million to shareholders in dividend payments — Signed 16 licenses — Acquired a portfolio of more than 3,000 patents from Freescale Semiconductor Inc. — Announced restructuring of operations, which is expected to save approximately $8.0 to $10.0 million in annual expenses
Fiscal 2015 Highlights
— Revenues of $102.9 million, up 5% — Adjusted earnings(i) of $59.6 million, or $0.49 per basic share, representing 58% of revenue. Adjusted earnings increased 2% from 2014 — GAAP net earnings of $10.0 million, or $0.08 per basic share, up 3% — Backlog (future revenues from signed patent license agreements) at December 31, 2015 was in a range of $175.0 to $205.0 million — Returned $20.1 million to shareholders in dividend payments — Cash and cash equivalents and short-term investments at December 31, 2015 was $94.6 million — Signed 45 licenses, including six renewals — Signed eleven partnership agreements with patent owners, whereby we license their patents in exchange for sharing in any corresponding licensing consideration — Acquired a portfolio of more than 7,000 Qimonda patents from Infineon Technologies AG.