WiLAN (WILN) Misses Q3 EPS by 8c

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WiLAN Reports 2016 Third Quarter Financial Results

November 3, 2016 6:30 AM EDT

OTTAWA, ONTARIO -- (Marketwired) -- 11/03/16 -- WiLAN (TSX: WIN) (NASDAQ: WILN) today reported financial results for the three- and nine-month periods ended September 30, 2016. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.

Q3 2016 Highlights

-- Revenues of $16.6 million -- EBITDA(i) of $9.3 million, or $0.08 per basic share -- GAAP net earnings of $0.7 million, or $0.01 per basic share -- Cash balance of $103.2 million at September 30, 2016 -- Returned $2.3 million to shareholders in dividend payments and buyback purchases

Year-to-Date 2016... More