WI-LAN (WILN) Tops Q2 EPS by 4c; Guides Q3 Revs

WI-LAN (NASDAQ: WILN) reported Q2 EPS of $0.14, $0.04 better than the analyst estimate of $0.10. Revenue for the quarter came in at $25.7 million versus the consensus estimate of $21.53 million.

For the third quarter 2014 ending September 30, 2014, the Company expects revenue to be at least $19.7 million. (The Street is at $21.9 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.

For earnings history and earnings-related data on WI-LAN (WILN) click here.

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