New direction yields bravura FY ’07 performance

Wi-LAN Inc. nearly doubles fiscal 2007 WiLan.jpgprofit on revenue that increases almost thirty-fold from the previous year. The Ottawa-based patent licencer lifted profits to $27.6 million from $14.1 million a year earlier, while revenue soared to $61.3 million from just $2.1 million in 2006. The company notes that the improved numbers are due to its “transforming itself into a licensing business, and discontinuing its products manufacturing and engineering services businesses in the 2006 periods.” While reinventing itself, Wi-LAN increased the net value of its patent portfolio to $147 million, up from just $9.8 million a year earlier.

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