Mar. 10, 2014, 6:03 PM
- Vringo (VRNG) had 2013 revenue of $1.1M, and a net loss of $52.4M ($0.63/share). $41.7M of the net loss was from continuing ops, and the remainder from discontinued ops.
- Legal costs totaled $20M, G&A and other expenses $6.3M, equity compensation $12M, and patent amortization costs $3.4M.
- Vringo ended 2013 with $33.6M in cash/equivalents. Average 2013 operational cash burn was $2M/month, yielding full-year cash burn of $24M.
- The company expects its burn rate to decrease in 2014, and thinks its year-end funds "will be sufficient" to support its 2014/2015 operations, even if there's no "significant revenue event."
- Press release
Nov. 7, 2013, 6:37 PM
Aug. 8, 2013, 5:11 PM
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Mar. 21, 2013, 4:18 PM
Nov. 15, 2012, 10:01 AMVringo (VRNG -3.5%) is down a bit after delivering its Q3 report yesterday afternoon. Revenue amounted to $266K and net loss totaled $3.1M, or $0.06/share. Vringo noted it had over $60M in cash as of Nov. 14, thanks to its recent stock offering. The IP holder noted on its earnings call its Vringo Labs subsidiary came up with 9 "provisional patents" during the quarter, one of which covers wireless energy. (PR) | Nov. 15, 2012, 10:01 AM | Comment!
Aug. 15, 2012, 2:31 PMVringo (VRNG -3.9%) slumps after delivering its Q2 report. Revenue, courtesy of a mobile app business that has become a sideshow, totaled just $100K, while net loss amounted to $0.36/share. Earlier today, SA's Patrick Anderson questioned whether Vringo's patent-purchase deal with Nokia will pay off, given licensing restrictions, required royalty payments to Nokia, and the fact Nokia already has a licensing deal with Apple. | Aug. 15, 2012, 2:31 PM | Comment!
Vringo Inc is engaged in identifying, generating, acquiring, and deriving economic benefits from intellectual property assets. Its intellectual property portfolio consists of over 500 patents and patent applications.
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