more newsHeadline: Wi-LAN Revises 2008 Financial Guidance
Symbol: WIN
OTTAWA, CANADA--(Marketwire - Aug. 11, 2008) - Wi-LAN Inc. ("Wi-LAN" or the "Company") (TSX:WIN), a leading technology innovation and licensing company, today announced it is revising its 2008 financial guidance as a result of recent license signings.
During the fiscal third quarter, the Company signed license agreements for wireless-related technologies with 12 companies, up from 10 in the previous quarter, including new licensee, AOpen Inc. and previously announced licensees, ASUSTek Computer Inc. and Xirrus Inc. With Research In Motion Limited, which was announced earlier today, the total number of wireless licensees signed to date is 34. In addition, during the fiscal third quarter, the Company signed license agreements for its V-chip patents with 12 companies, up from seven in the previous quarter, including new licensee China Hualu Group Co., Ltd. The total number of V-chip licensees signed to date is 94.
Revenues for the fiscal year are expected to be within the range of $24.5 million to $25.5 million, up from previous guidance of $15 million to $20 million. Operating expenses, excluding stock based compensation, are expected to be in the range of $19 million to $20 million, up from previous guidance of $16 million to $19 million. Pro-forma earnings(1) are expected to be within the range of $8.0 million to $9.5 million, up from previous guidance of $2 million to $5 million.