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Unwired Planet Posts Second Quarter Fiscal 2014 Financial Results

February 4, 2014

Unwired Planet announced financial results for the second quarter of fiscal year 2014. "During the second quarter, we pressed forward with our licensing efforts, launched an enforcement action to protect our mobile payment patents, saw key dates set in previously existing litigation, and set the ground work for future licensing options," said Eric Vetter , president and chief administrative officer of Unwired Planet . "While the licensing environment continues to be difficult, we are encouraged by our progress, as well as external market developments over the past three months. We continue to focus on pursuing a variety of licensing and alternative value creation strategies while closely managing our costs." In a release on January 30 , the Company noted on a GAAP basis, net loss for second fiscal quarter ended December 31, 2013 was $7.3 million , or $0.07 per share, compared with a net loss of $7.2 million , or $0.07 per share, in the prior quarter, and with a net loss of $11.6 million , or $0.13 per share, in the December quarter of the preceding year. On a non-GAAP basis, net loss for the second fiscal quarter ended December 31, 2013 was $7.1 million , or $0.07 per share, compared with a net loss of $6.6 million , or $0.06 per share, in the prior quarter, and with a net loss of $6.1 million , or $0.07 per share, in the December quarter of the preceding year. Non-GAAP net loss excludes restructuring, stock-based compensation, strategic costs, discontinued operations, and the tax impact of these items. Unwired Planet is an intellectual property company. More Information: www.unwiredplanet.com ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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