WI-LAN (WILN) Swings to Profit in FY11; Approves 9.5M Common Buyback
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WI-LAN (Nasdaq: WILN) reports FY11 EPS of 25 cents, compared with a loss of 21 cents per share in the same period last year. The company reported revs of $105.81 million, from $49.24 million in FY10.
WiLAN also announced today that its Board of Directors has approved the adoption of a normal course issuer bid ("NCIB") under which the Company expects to purchase up to 9.5 million issued and outstanding common shares ("Shares") from the day of receipt of regulatory approval until December 13, 2012. The repurchases made under this NCIB will be made, in part, to offset the dilutive effect of Shares expected to be issued upon the exercise of stock options under the Company's stock option plan.
WiLAN also announced today that its Board of Directors has approved the adoption of a normal course issuer bid ("NCIB") under which the Company expects to purchase up to 9.5 million issued and outstanding common shares ("Shares") from the day of receipt of regulatory approval until December 13, 2012. The repurchases made under this NCIB will be made, in part, to offset the dilutive effect of Shares expected to be issued upon the exercise of stock options under the Company's stock option plan.
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