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Wi-Lan posts fourth-quarter profit of $3 million

OTTAWA – OTTAWA, Ontario (AP) _ Wi-Lan Inc. (WILN) on Thursday reported fourth-quarter net income of $3 million.

On a per-share basis, the Ottawa, Ontario-based company said it had net income of 2 cents. Earnings, adjusted for one-time gains and costs, were 13 cents per share.

The patent holding company posted revenue of $26 million in the period.

For the year, the company reported profit of $10 million, or 8 cents per share. Revenue was reported as $102.9 million.

The company’s shares closed at $1.17. A year ago, they were trading at $2.75.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WILN at http://www.zacks.com/ap/WILN

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Keywords: Wi-Lan, Earnings Report