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WiLan Inc Issues Q3 2013 Mixed Guidance


Thursday, 8 Aug 2013 06:30am EDT 

WiLan Inc announced that for third quarter of 2013, it expects revenue to be at least $20.7 million. The revenue guidance does not include the potential impact of any new agreements that may be signed during the balance of the second quarter of 2013 or the potential impact of any royalties identified in audits conducted by the Company. For the third quarter of 2013, and assuming no additional agreements are signed, adjusted earnings are expected to be between a loss of $650,000 and earnings of $500,000. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $19.4 million and net income of $1.95 million for third quarter of 2013. 

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