Wi-LAN reports lower Q3 net earnings, provides outlook for Q4

Wi-LAN Inc, a technology innovation and licensing company, has reported net earnings of $2.16 million, or $0.02 per diluted share, for the third quarter ended September 30, 2012, compared to $7.32 million, or $0.06 per diluted share, for the same quarter ended September 30, 2011. The company expects revenue of $20.7 million for the fourth quarter ending December 31, 2012.

Total revenue for the third quarter ended September 30, 2012 was $21.29 million, compared to $27.82 million for the same quarter ended September 30, 2011.

Net loss for the nine months ended September 30, 2012 was $12.4 million, or $0.10 loss per diluted share, compared to net earnings of $37.41 million, or $0.3 per diluted share, for the same period ended September 30, 2011.

Total revenue for the nine months ended September 30, 2012 was $66.78 million, compared to $81.58 million for the same period ended September 30, 2011.

"WiLAN delivered strong financial performance in the third quarter of 2012," said Jim Skippen, President & CEO. "New license agreements signed in the quarter resulted in our revenue exceeding guidance."