Unwired Planet (UPIP) Reports In-Line Q4 EPS

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Unwired Planet, Inc. Announces Preliminary Fourth Quarter and Fiscal Year 2015 Financial Results

August 25, 2015 4:05 PM EDT

RENO, Nev.--(BUSINESS WIRE)-- Unwired Planet, Inc. (NASDAQ: UPIP) today announced preliminary unaudited financial results for the fourth quarter and fiscal year 2015.

Revenue for the fourth quarter ended June 30, 2015 was $0.8 million, while loss from continuing operations totaled $9.0 million. Revenue for the fiscal year ended June 30, 2015 was $4.5 million, and loss from continuing operations totaled $41.8 million.

We have been busy reviewing every element of operations including our operational model, cost structure, and our licensing initiatives with the goal to increase our focus and discipline on operational efficiencies and execution actions to drive our licensing... More