Wi-LAN reports financial results

Published: January 13th, 2009

A Canadian wireless local-area network equipment maker has reported revenues dropped by more than half.

Wi-LAN Inc. of Ottawa Tuesday released its financial results for the year ending Oct. 31, 2008. Although fourth quarter revenues this year were $13.7 million (compared to $7.2 million for the quarter ending Oct. 31, 2007), the firm reported revenue for the entire year was $26.6 million, down from $61.3 million for 2007.

The company, which holds more than 300 patents (including those pending approval) for Wi-Fi, WiMAX, CDMA, DOCSIS and other wireless protocols, licenses technology to other manufacturers.

The company’s chief executive officer, Jim Skippen, described the financial results as “solid,” given that the company negotiated license agreements with 79 companies.

Would you recommend this article?

0
0
Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication. Click this link to send me a note →

Jim Love, Chief Content Officer, IT World Canada


Related Download
Moving to the Cloud: Beyond the Myths Sponsor: Carbon60
Moving to the Cloud: Beyond the Myths
Get on the road to cloud success by moving past the myths around it.
Register Now
Uncategorized