Strong showing brings broader disclosure

Ottawa-based patent licencer Wi-LAN sees sales more than quadruple, from $75,000 in last year’s Q2 year to $3.2 million in the second quarter of fiscal 2008. However, the company almost doubles losses to $4.1 million ($.04 a share) from $2.3 million ($.03 a share), WiLan.jpgdespite adding 17 new licensees for its wireless and V-chip patents. CEO Jim Skippen explains the loss as largely a result of amortization related to the company’s $108-million acquisition of Tri-Vision. For the first time, Wi-LAN released guidance for full-year revenue, which it forecasts at between $15 million and $20 million. “Our business has now reached a maturity level that permits us to be more confident in our licensing program,” says Mr. Skippen. “The confidence that we have in our business is demonstrated, in part, by our decision to provide more fulsome financial disclosure.” As of April 30, Wi-LAN had approximately $140-million worth of backlogged revenue.

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