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
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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) | 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. | Comment!
VRNG vs. ETF Alternatives
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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