Last C$4.21 CAD
Change Today +0.07 / 1.69%
Volume 491.6K
As of 4:00 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

wi-lan inc (WIN) Snapshot

Open
C$4.10
Previous Close
C$4.14
Day High
C$4.22
Day Low
C$4.10
52 Week High
10/22/13 - C$4.75
52 Week Low
10/24/13 - C$2.96
Market Cap
506.1M
Average Volume 10 Days
648.9K
EPS TTM
C$0.14
Shares Outstanding
120.2M
EX-Date
09/10/14
P/E TM
27.6x
Dividend
C$0.20
Dividend Yield
3.80%
Current Stock Chart for WI-LAN INC (WIN)

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wi-lan inc (WIN) Details

Wi-LAN Inc., an intellectual property licensing company, develops, acquires, and licenses a range of patented technologies, which are utilized in products in the communications and consumer electronics markets. The company licenses its patented inventions to companies that manufacture or sell a range of communication and consumer electronics products, including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations, and digital TV receivers. It also licenses patent portfolios of third-party patent holders. As of February 4, 2014, the company had licensed its intellectual property to approximately 275 companies worldwide. WI-LAN Inc. was founded in 1992 and is headquartered in Ottawa, Canada.

Founded in 1992

wi-lan inc (WIN) Top Compensated Officers

Chief Executive Officer, President, Chief Leg...
Total Annual Compensation: C$453.5K
Chief Financial Officer
Total Annual Compensation: C$302.3K
Chief Operating Officer
Total Annual Compensation: C$300.0K
Senior Vice President of Licensing
Total Annual Compensation: C$275.7K
Vice President of Corporate Legal and Corpora...
Total Annual Compensation: C$248.8K
Compensation as of Fiscal Year 2013.

wi-lan inc (WIN) Key Developments

Wi-Lan Inc. and Motion Computing, Inc. Signs a Patent License Renewal Agreement

Wi-Lan Inc. announced that Motion Computing Inc. and WiLAN have signed a patent license renewal agreement pursuant to which Motion receives a multi-year running royalty license to certain wireless technologies. Terms of the renewal agreement are confidential. WiLAN first signed a patent license agreement with Motion in the first quarter of 2008.

Wi-Lan Inc. Wins at U.S. Federal Court of Appeals

Wi-Lan Inc. announced that the U.S. Court of Appeals for the Federal Circuit has ruled entirely in WiLAN's favour concerning the proper interpretation of a contract entered into by WiLAN and Ericsson Inc. and Telefonaktiebolaget LM Ericsson (collectively, "Ericsson"), to resolve a conflict concerning WiLAN's litigation counsel. Conflicting court decisions had been rendered by District Courts in Texas and Florida concerning the proper interpretation of the contract with Ericsson, the Texas decision being consistent with WiLAN's position that the rights granted to Ericsson were very narrow.

Wi-Lan Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter Ending September 30, 2014

Wi-Lan Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $25,655,000 compared to $19,941,000 a year ago. Earnings from operations were $8,825,000 compared to loss from operations of $9,801,000 a year ago. Earnings before income taxes were $8,968,000 compared to loss before income taxes of $9,613,000 a year ago. Net and comprehensive income was $5,599,000 or $0.05 per basic and diluted share compared to net and comprehensive loss of $7,632,000 or $0.06 per basic and diluted share a year ago. Cash generated from operations was $11,771,000 compared to $2,075,000 a year ago. Purchase of furniture and equipment was $102,000 compared to $50,000 a year ago. Purchase of patents and other intangibles was $10,669,000 compared to $2,327,000 a year ago. Adjusted earnings were $16,623,000 or $0.14 per basic share compared to adjusted loss of $762,000 or $0.01 per basic share a year ago. The increase in revenues is primarily attributable to the timing of fixed-payment amounts as a result of the significant license agreements signed during the twelve months ended December 31, 2013 and the six months ended June 30, 2014 for which certain agreements contained higher fixed-payments at the beginning of the license agreement. The increase in adjusted earnings for the second quarter of 2014 is primarily attributable to increased revenues and reduced litigation expenses. For the six months, the company reported revenue of $51,633,000 compared to $38,310,000 a year ago. Earnings from operations were $15,244,000 compared to loss from operations of $17,306,000 a year ago. Earnings before income taxes were $15,522,000 compared to loss before income taxes of $16,923,000 a year ago. Net and comprehensive income was $9,568,000 or $0.08 per basic and diluted share compared to net and comprehensive loss of $14,066,000 or $0.12 per basic and diluted share a year ago. Cash generated from operations was $33,163,000 compared to cash used in operations of $1,805,000 a year ago. Purchase of furniture and equipment was $326,000 compared to $67,000 a year ago. Purchase of patents and other intangibles was $16,359,000 compared to $3,015,000 a year ago. Adjusted earnings were $33,393,000 or $0.28 per basic share compared to $539,000 or $0.00 per basic share a year ago. For the third quarter 2014 ending September 30, 2014, the company expects revenue to be at least $19.7 million. This revenue guidance does not include the potential impact of any additional reports yet to be received, new agreements that may be signed during the balance of the third quarter of 2014 or the potential impact of any royalties identified in audits conducted by the company. This guidance is provided prior to the completion of the first month of this fiscal quarter and as such, a number of reports that normally are submitted at or shortly after the month end have yet to be received by the company. Operating expenses for the third quarter are expected to be in the range of $9.7 million to $10.4 million of which $2.5 million to $3.2 million is expected to be litigation expense. For the third quarter of 2014, and assuming no additional agreements are signed, adjusted earnings are expected to be in the range of $9.4 million to $10.2 million.

 

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