News Release Details

Wi-LAN ANNOUNCES 2004 SECOND QUARTER CONSOLIDATED RESULTS

05/27/2004

CALGARY, Canada - May 27, 2004 -
Wi-LAN Inc. (TSX:WIN), a global provider of broadband wireless communications products and technologies, today announced financial results for the three months and six months ended April 30, 2004. In the three months ended April 30, 2004 the Company achieved product revenue, excluding licensing, technology and engineering services revenue, of $6,488, which is 10.3% growth over the 2003 second quarter product revenue. Licensing, technology and engineering services revenue in the quarter was $nil compared to $92 in the 2003 second quarter. Cash flow from operations for the three months was $(794), a 2% improvement over the 2003 second quarter. Net income (loss) for the second quarter was $(1,509), compared to $(989) in the 2003 second quarter. Consolidated cash on April 30, 2004 was $24,875, a reduction of $(2,071) compared with $26,946 on January 31, 2004. The Company is maintaining its annual financial guidance of $32,000 to $37,000 in consolidated revenue, cash flow from operations of at least $2,000, and net income of at least $500. All financial amounts are expressed in thousands of Canadian dollars unless otherwise noted.

"Revenue early in the quarter was low. We encountered technical issues relating to two issues: the increasing demands being placed on our equipment as some of our leading customers increased the load on their networks, and differences in measurement techniques used by several national and international regulatory bodies." said Dr. Sayed-Amr El-Hamamsy, President and Chief Executive Officer, Wi-LAN Inc. "We addressed these items and achieved a record month in April, which puts us in a strong position for Q3. However, we are behind our internal plan at this point and are continuously evaluating the impact on the 2004 fiscal year guidance. We see no reason to change our guidance at this point. We will need to have record third and fourth quarters to meet our goals, which will require excellent performance in all aspects of the company. I am confident that we have in place the team to accomplish our goals.

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Second Quarter Financial Highlights

Consolidated revenue ($000's)

In the six months ended April 30, 2004 the Company achieved consolidated revenue of $13,044, which is 14.1% growth over revenue of $11,428 for the first six months of the 2003 fiscal year. Consolidated revenue for the three months ended April 30, 2004 was $6,488, which is $516 or 8.6% more than the $5,972 reported for the same period in fiscal year 2003, and $(68) or 1.0% less than the $6,556 revenue reported for the prior three months ended January 31, 2004. Sales in the quarter were recorded predominantly in late March and in April, while February sales were slow primarily due to technical and regulatory problems. The Company is currently maintaining its revenue guidance for fiscal year 2004 of $32 million to $37 million.

Revenue from the Company's broadband wireless access products for the six months ended April 30, 2004 was $10,798, which is $1,342 or 14.2% more than the $9,456 reported for the first six months in fiscal year 2003. Revenue from the Company's broadband wireless access products for the three months ended April 30, 2004 was $5,363, which is $593 or 12.4% more than the $4,770 reported for the same period in fiscal year 2003 and $(72) or 1.3% less than the $5,435 reported for the prior three months ended January 31, 2004. This revenue consisted of:

•  $1,742 from the company's Libra product series, based on patented W-OFDM (Wide-band Orthogonal Frequency Division Multiplexing) technology, which will form the basis for Wi-LAN's Wi-MAX Certified (1) products in 2005, which is $931 or 114.8% more than the $811 of Libra product series revenue reported for the same period in fiscal year 2003 and $(299) or 14.6% less than the $2,041 reported for the prior three months ended January 31, 2004; and

•  $3,621 from Wi-LAN's other broadband wireless products, which is $(338) or 8.5% less than the $3,958 of other broadband wireless revenue reported for the same period in fiscal year 2003 and $227 or 6.7% more than the $3,394 reported for the prior three months ended January 31, 2004.

•  Wi-LAN expects its broadband wireless product sales to show continued growth as existing customers grow their networks and its Continuity Program tm ensures they can continue to expand their existing Libra networks as WiMAX Certified equipment comes on line.

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Revenue from the Company's antenna products for the six months ended April 30, 2004 was $1,955, which is $75 or 4.0% more than the $1,880 reported for the first six months in fiscal year 2003. Revenue from the Company's antenna products for the three months ended April 30, 2004 was $1,125, which is $15 or 1.4% more than the $1,111 reported for the same period in fiscal year 2003 and $295 or 35.5% more than the $830 recorded for the prior three months ended January 31, 2004. Antenna sales are expected to show modest growth over the summer months primarily due to cellular infrastructure maintenance.

Revenue from the Company's license, technology and engineering services for the six months ended April 30, 2004 was $291, which is $199 or 216.3% more than the $92 reported for the first six months in fiscal year 2003. License, technology and engineering services revenue for the three months ended April 30, 2004 was $nil, compared to $92 reported for the same period in fiscal year 2003 and $291 reported for the prior three months ended January 31, 2004.

•  The revenue in the comparative prior quarters resulted from third parties assisting with project funding to develop new applications for Wi-LAN's W-OFDM technology, namely its next generation Libra access point, cost-reduced Libra customer premise equipment, and its LIBRA Transit Mobility (TM) products. Completion of these projects is expected in the third and fourth quarters of fiscal year 2004.

•  Wi-LAN is currently in discussions regarding the licensing agreement with Philips Semiconductor covering its second generation WiFi (802.11a/g and 802.11g) chipsets, which became available in production quantities in Q4 2003.

•  Licensing revenue from Wi-LAN's agreement with Fujitsu Microelectronics America is expected to begin in the third quarter of 2005.

•  Wi-LAN is in the process of negotiating additional licensing agreements with other semiconductor companies.

•  Wi-LAN's lawsuit with Redline Communications is on-going.

•  Wi-LAN recently announced an agreement to acquire 17 U.S. patents and patent applications, including their foreign counterparts. This acquisition advances Wi-LAN's goal to produce the world's first WiMAX Certified (1) broadband wireless systems and strengthens Wi-LAN's technology licensing strategy with regard to such systems.

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Product gross margin (% of product revenue)

Product gross margin was 48.9% for the six months ended April 30, 2004, which is 0.4 percentage points less than the product gross margin of 49.3% for the first six months of the 2003 fiscal year. Product gross margin for the three months ended April 30, 2004 was 45.0%, which is 6.9 percentage points less than the 51.9% reported for the same period in fiscal year 2003, and 8.0 percentage points less than the 53.0% reported for the prior three months ended January 31, 2004. Product gross margin was less than the Company's target of 50% due to a combination of factors. Although Wi-LAN's cost-reduced broadband wireless access products, Ultima3, LIBRA 5800 and VIP 110-24, continued to dominate the sales mix and sales of previously written down legacy products (AWE 45-24 and AWE 120-24) also increased the margin contribution, these factors were partly offset by increased sales of lower margin Libra 3000 Customer Premise Equipment (CPE's) as some customers continued to fill in their existing networks. Wi-LAN continues of focus on reducing its production costs of the Libra CPE's, to increase margin and market penetration. Wi-LAN is also working with two contract manufacturers to trial manufacturing some of its more mature products, such as Ultima3 and VIP 110-24, in low cost countries in an effort to further cost reduce these products.

Operating expense ($000's)

Operating expenses for the three months ended April 30, 2004 were $4,731, an increase of $780 or 19.7% compared with $3,951 for the same period in fiscal year 2003, and an increase of $452 or 10.6% compared with $4,279 for the prior quarter ended January 31, 2004.

•  The primary reason for the $780 increase in operating expenses over Q2 2003 was an increase of $810 in research and development (R&D), from $866 in Q2 2003 to $1,676 in Q2 2004, as Wi-LAN continues to develop its next generation Libra access point, its cost-reduced Libra CPE, its LIBRA Transit Mobility (TM) products and, in collaboration with Fujitsu Microelectronics of America, the WiMAX System-on-Chip (SoC), which are all scheduled for completion in the third and fourth quarters. R&D expense is expected to grow slightly in the third quarter and stabilize thereafter. R&D expense was reduced in the quarter by received and accrued cash receipts from Technology Partnerships Canada (TPC) of $460, and increased by non-cash amortization of future warrants owed to TPC in the amount of $480.

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3 months ended April 30

6 months ended April 30

$000's

2004

2003

2004

2003

Total R&D expenditures

$ 1,656

$ 866

$ 3,164

$ 2,091

Less: TPC contributions

460

0

860

0

Cash R&D expense

1,196

866

2,304

2,091

Add: Amortization of TPC warrants

480

0

960

0

Reported R&D expense

1,676

866

3,264

2,091

•  The primary reason for the $452 increase in operating expenses over Q1 2004 was an increase of $284 in sales and marketing (S&M), from $1,382 in Q1 2004 to $1,666 in Q2 2004, as Wi-LAN continued to strengthen its sales and marketing effort.

•  Expenses at Wi-LAN's operations will continue to be tightly controlled and monitored. Immediate steps to reduce costs further will be taken as necessary to size expenses with expected revenues, while ensuring that the technical and administrative competencies required to grow the business are retained.

Net income (loss) ($000's)

Net income (loss) for the six months ended April 30, 2004 was $(2,020) compared to $(3,777) in the first six months of the 2003 fiscal year, an improvement of $1,757. Net income (loss) for the three months ended April 30, 2004 was $(1,509), which is $(520) less than the $(989) reported for the same period in fiscal year 2003, and $(952) less than the $(511) net loss for the prior three months ended January 31, 2004. Net income in the quarter declined due to lower product gross margin and higher operating expenses, which are detailed above. The Company believes revenue growth in the second half of fiscal year 2004, along with gross margins in the 50% range and controlled operating expenses will allow it to achieve positive net income for fiscal year 2004. Wi-LAN is maintaining its net income guidance for fiscal year 2004 of at least $0.5 million while noting that meeting this guidance is dependant on meeting its revenue targets.

Cash flow management ($000's)

In the six months ended April 30, 2004 the Company's cash flow from operations , including changes in non-cash working capital balances, was $(1,359), a $1,500 improvement compared to $(2,859) in the first

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six months of the 2003 fiscal year. Net cash flow from operations for the three months ended April 30, 2004 was $(794), an improvement of $16 compared with $(810) for the same period in fiscal year 2003, and a reduction of $(229) compared with $(565) for the prior quarter ended January 31, 2004. Sales were heavily weighted toward the end of the quarter, and this, along with increased product development spending to satisfy a peak in field requests, reduced cash flow in the quarter. As well, spending continued on development of the next-generation access point and customer premise equipment for W-LAN's W-OFDM based Libra product line, and the development of semiconductor intellectual property (SIP) cores, all of which will form the basis of Wi-LAN's future WiMAX Certified (1) product series. The Company believes revenue growth in the second half of fiscal year 2004, along with gross margins in the 50% range and controlled operating expenses will allow it to achieve positive cash flow from operations for fiscal year 2004. The Company is maintaining its cash flow guidance for fiscal year 2004 of at least $2 million from operations while noting that meeting this guidance is dependant on meeting its revenue targets.

Consolidated cash on April 30, 2004 was $24,875 compared with $27,553 on October 31, 2003, a reduction of $(2,678), and a reduction of $(2,071) compared with $26,946 on January 31, 2004. Working capital on April 30, 2004 was $27,332 compared with $28,607 on October 31, 2003, a reduction of $(1,275), and a reduction of $(1,190) compared with $28,522 on January 31, 2004. Wi-LAN's April 30, 2004 working capital is expected to be adequate to sustain the Company's growth in existing operations.

Financial summary ($000's)

($000's unless stated otherwise)

3 months ended

6 months ended

Statement of Operations Info.

April 30, 2004

Jan. 31, 2004

April 30, 2003

April 30, 2004

April 30,2003

Product revenue

     

 

North America

$ 2,925

$ 2,714

$ 2,796

$ 5,639

$ 4,875

Europe

1,395

1,192

492

2,587

1,373

Asia & other international

2,168

2,359

2,592

4,527

5,088

Subtotal

6,488

6,265

5,880

12,753

11,336

License, technology & engineering

0

291

92

291

92

Total revenue

6,488

6,556

5,972

13,044

11,428

Product gross margin

2,921

3,610

3,143

6,531

5,679

% of product revenue

45.0%

53.0%

51.9%

48.9%

49.3%

Operating income (loss)

(1,810)

(669)

(808)

(2,479)

(3,492)

Net income (loss)

(1,509)

(511)

(989)

(2,020)

(3,777)

Earnings (loss) per share ($ / share)

$ (0.04)

$ (0.01)

$ (0.03)

$ (0.05)

$ (0.12)

Cash Flow Information

April 30, 2004

Jan. 31, 2004

April 30, 2003

April 30, 2004

April 30, 2004

Cash used in operations

$ (794)

$ (565)

$ (810)

$ (1,359)

$ (2,859)

Financing

10,758

1,539

(54)

12,297

(105)

Investments

(12,035)

(1,581)

(18)

(13,616)

(15)

Change in cash

(2,071)

(607)

(882)

(2,678)

(2,979)

Cash, beginning of period

26,946

27,553

3,489

27,553

5,586

Cash, end of period

24,875

26,946

2,607

24,875

2,607

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Financial summary ($000's) (continued)

($000's unless stated otherwise)

 

Balance Sheet Information

April 30, 2004

Jan. 31, 2004

Oct.31, 2003

Working capital

$ 27,332

$ 28,522

$ 28,607

Long term debt

8,000

0

0

Shareholders' equity

38,715

36,504

34,880

Total assets

53,666

45,511

44,683

Second Quarter Operations Highlights

Sales Announcements

On March 9, 2004 Wi-LAN and Wellink , a leading integrator of high-speed telecommunication systems, agreed to enter the market for broadband mobile wireless Intelligent Transportation Systems (ITS) using Wi-LAN's LIBRA 5800 TM (Transit Mobility) product and Wellink's network backbone products. Wi-LAN also agreed to provide Wellink with broadband mobile wireless products valued at several million dollars over a 12-month period. The agreement is subject to certain terms and conditions, including feature enhancements of Wi-LAN's LIBRA 5800 TM products, based on Wi-LAN's patented W-OFDM technology. These mobile wireless systems are intended for Intelligent Transportation Systems (ITS) in the Asia-Pacific region. Intended ITS applications for the Wi-LAN / Wellink systems are broadband communications to high-speed trains, including real-time video security, video advertising and broadband wireless Internet.

On April 22, 2004 Wi-LAN received purchase orders for its broadband wireless products in the amount of $500,000 from its Gold Channel Partners and distributors in Oman and Saudi Arabia. Customers include Petroleum Development Oman (PDO) , a hydrocarbon exploration and production company in the Sultanate of Oman, another major oil company and several wireless Internet Service Providers (ISP's). Shipments are expected to be completed in May 2004. Products ordered are Wi-LAN's VIP 110-24, Ultima3 and LIBRA 5800, based respectively on Wi-LAN's patented VINE, MC-DSSS and W-OFDM technologies.

Technology licensing

On April 30, 2004 Fujitsu Microelectronics America, Inc. , a leading global ASIC and semiconductor-solutions provider, and Wi-LAN announced their joint goal to produce the world's first WiMAX Certified* broadband wireless system. SoC engineering samples are planned for the fall of 2004, and the

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complete system is expected to be available for WiMAX Forum* conformance and interoperability testing in the first half of 2005.

On April 30, 2004 Wi-LAN also announced an amendment to its product development and technology license agreement with Fujitsu Microelectronics America (FMA) . Originally signed in August 2002, the agreement has been amended to include royalties to Wi-LAN for its Media Access Control (MAC) software, in addition to the original royalties for the use of Wi-LAN's OFDM technology and expertise. The MAC software is an essential component of the SoC that Wi-LAN and FMA are co-developing as part of their goal to produce the world's first WiMAX Certified* broadband wireless system. The amended agreement focuses exclusively on the development of a SoC for WiMAX Certified systems and includes increased responsibilities and commitments for FMA and changes to Wi-LAN's obligations. Wi-LAN has agreed to compensate FMA with warrants at current market prices, to be issued under Wi-LAN's Strategic Partners Plan, in addition to the warrants that were granted upon execution of the original agreement.

Building purchase

On February 19, 2004, Wi-LAN announced the purchase of the 91,070 square foot state-of-the art facility, which Wi-LAN has been leasing since construction was completed in June 2001, will provide Wi-LAN with additional operating flexibility and is expected to contribute at least $0.3 million annually to Wi-LAN's net income, when compared to the prior ten-year lease arrangement. Wi-LAN purchased the building for $13.35 million and financed the purchase with an $8 million mortgage and paid $5.35 million in cash.

Marketing Events

Mr. Gordon Antonello, Wi-LAN Senior Technical Advisor and Chair 2-11GHz Technical Working Group, WiMAX Forum, gave a presentation at the Broadband Wireless World 2004 Conference on February 24 and 25, San Diego Convention Center. Mr. Antonello's presentation was entitled "WiMAX: Standardizing the Metro Area Network of the 21 st Century". Wi-LAN also rented a booth at the event and where the company exhibited its non-line of sight Libra Series broadband wireless access products.

Dr.Sayed-Amr El-Hamamsy, President and Chief Executive Officer of Wi-LAN, gave a presentation at the Wi-Fi Power 2004 Conference in Toronto, Canada on March 3, 2004. Dr. El-Hamamsy spoke in a session entitled "From Wi-Fi to WiMAX: Towards Freedom in Universal Broadband Mobility".

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Board changes

On March 24, 2004 Wi-LAN announced the following changes to the Company's board of directors:

•  Dr. Sayed-Amr El-Hamamsy, President and Chief Executive Officer of Wi-LAN, was elected to the board of directors at Wi-LAN's Annual and Special Meeting of Shareholders on March 22, 2004.

•  Dr. Robert Schulz, Professor of Strategic Management at the University of Calgary's Haskayne School of Business, resigned his position as a director of Wi-LAN, citing personal reasons. The board's Nominating and Corporate Governance Committee is currently in the process of determining potential candidates to fill the vacancy created by Dr. Schulz's resignation.

Awards

On March 12, 2004 the Calgary Economic Development Authority presented Wi-LAN with the 2003 Calgary Export Achievement Award for Collaborative Partnerships . Wi-LAN's award was granted

in recognition of the company's successful collaboration with Chinese partners to penetrate the rapidly growing broadband wireless equipment market in China.

Subsequent Events

The following events happened after the April 30 end of the second quarter:

Patent acquisition

On May 25, 2004 Wi-LAN announced an agreement to acquire 17 U.S. patents and patent applications, including their foreign counterparts . This acquisition advances Wi-LAN's goal to produce the world's first WiMAX Certified (1) broadband wireless systems and strengthens Wi-LAN's technology licensing strategy with regard to such systems. Under the terms of the agreement, Wi-LAN will pay approximately $5.4 million (US$3.9 million) in cash and approximately $4.9 million (US$3.6 million) in special warrants exercisable into Wi-LAN common shares. The seller of the patent portfolio will license it back and Wi-LAN will pay the seller a range of 5% to 15%, depending on quantities, timing and other factors, of any royalty revenue that it receives from the purchased patents. Upon closing of the acquisition on May 21, the patents became part of Wi-LAN's patent portfolio and ongoing licensing strategy. The identity of the seller has been kept confidential under the terms of the patent purchase agreement.

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Board changes

On May 27, 2004 Wi-LAN announced the appointment of George R. Horhota , Co-Founder, Executive

Vice President & Chief Financial Officer of Suiteworks Inc., to the Company's Board of Directors. Mr. Horhota will fill the vacancy created by the resignation from the board of Dr. Robert Schulz in March 2004 and will serve as a member of the board's Audit Committee. Mr. Horhota founded and led Royal Bank of Canada's Information Technology and Media Portfolio Group in Corporate Banking between 1993 and 1996 and was seconded from his earlier Systems and Technology position with the bank to serve one year as President (1991 to 1992) and three years as a Director with the Canadian Business Telecommunications Alliance. He then went on to become Chief Financial Officer and Vice President Corporate Development with TSE-listed ACC Canada until 1998 when its NASDAQ listed parent corporation, ACC Corp., was acquired by AT&T Corp. Subsequently, Mr. Horhota spent 3 years as President of Cannect Networks, Canada's first packet-based CLEC, then in 2002 joined BCE Emergis Inc. as its Vice President of Operations before founding Suiteworks Inc. in the later part of 2003. Mr. Horhota is a member of the Law Society of Upper Canada, having received a Juris Doctor Degree from the University of Toronto, Faculty of Law, and was a founding Director of Humber College's Telecommunications Learning Institute.

Sales announcements

On May 6, 2004 Wi-LAN and Adino Telecom Limited (Adino), India's premier broadband solutions company, announced an additional $0.3 million of Wi-LAN's VINE based VIP 110-24 fixed wireless access products and accessories have been ordered for deployment in India. More than half of the order is for further expansion of the Gujarat State Wide Area Network (GSWAN), and the balance is being used primarily for corporate wide area networks (WAN's). GSWAN's initial order for Wi- LAN equipment was announced on May 29, 2003, and Wi-LAN shipped $0.2 million of broadband wireless products to GSWAN prior to receipt of this latest order. GSWAN, which has been operational for three years, will continue to be expanded further using the VIP 110-24 broadband wireless products to provide voice, video and data services for many additional offices and departments of the State Government.

On May 11, 2004 Wi-LAN and Tulip IT Services (Tulip), one of India's leading integrated IT solutions providers, announced the deployment of Wi-LAN's broadband wireless products in the state of Kerala, India to service Internet kiosks. The Internet kiosks, called Akshaya Centres, are being provided by the Kerala State IT Mission Department (KSITM). The initial $100,000 order is for the Mallapuram district,

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and the entire infrastructure installation for this district is expected to be in place by May 30. Demand for applications such as Internet browsing, voice-over-internet-protocol (VoIP) and videoconferencing is expected from various government offices and private businesses, resulting in the provision of additional services. As well, Tulip has signed a letter of intent with KSITM to provide the same service to four additional districts. In total, there are 14 districts in Kerala and it is the intent of KSITM to set up these training centers in all of them.

On May 21, 2004 Wi-LAN and O'Connor's Singapore Pte. Ltd ., a Wi-LAN Channel Partner in S.E. Asia, announced deployment of Wi-LAN's broadband wireless products at the National Institute of Education (NIE), Singapore and the Riau Island Provincial Government Office, Indonesia. The NIE, a national teacher training institute, is using the products to provide connectivity for trainee teachers to access e-learning and video-based materials. The Riau Island Provincial Government is using the products for Internet, and backhaul for data and Voice-over-IP (VoIP). Wi-LAN's VIP 110-24 and Ultima3 series are being deployed.

Conference Call Information

Wi-LAN will hold a conference call to discuss the consolidated results on May 27, 2004 at 5:00 p.m. EDT (3:00 p.m. MST, 2:00 p.m. PST). The call-in number will be (800) 419-0128 (toll free North America) or (703) 464-5612 (outside North America). The confirmation code is 937215. Participants are advised to call in 10 minutes early. The call will be audio webcast from Wi-LAN's website at www.wilan.com and will be archived there.

A replay of the call will be available until 11:59 p.m. EDT (9:59 p.m. MST, 8:59 p.m. PST) on June 3, 2004 by calling (888) 266-2081 (toll free North America) or 703-925-2533 (outside North America). The access code for the replay is 937215.

Wi-LAN participants will be:

Dr. Sayed-Amr El-Hamamsy - President and Chief Executive Officer

Mr. Keith Bittner - Acting Chief Financial Officer

Mr. Ken Wetherell - Vice President, Corporate Communications & Investor Relations

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About Wi-LAN Inc.

Wi-LAN is a global provider of broadband wireless communications products and technologies, offering businesses, including telecom service providers, and government enterprises effective, economic and secure wireless high-speed communications solutions. Wi-LAN specializes in high-speed Internet access, data network extension, and wireless data and telephony backhaul, utilizing its high quality products and industry-leading technologies. Wi-LAN believes its W-OFDM patents are necessary for the implementation of devices using the IEEE 802.16 WirelessMAN Standard (1) and the ETSI BRAN HiperMAN (1) standard (the WiMAX (1) standards), the IEEE standards 802.11a and 802.11g (the 2nd generation Wi-Fi (1) standards), and the ETSI BRAN HiperLAN/2 (1) standard . Wi-LAN licenses its W-OFDM technology and has executed non-exclusive W-OFDM license agreements with semiconductor companies. Wi-LAN is the Chair Company of the OFDM Forum ( www.ofdm-forum.com ) and an active member of the WiMAX Forum ( www.wimaxforum.org ). Wi-LAN's common shares trade on The Toronto Stock Exchange under the symbol "WIN." Detailed information on WiLAN can be found at www.wilan.com .

Forward Looking Information

Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to all aspects of the wireless communications industry. These risks and uncertainties include, but are not restricted to, continued increased demand for the Company's products, the Company's ability to maintain its technological leadership in the field of high-speed wireless communications, the Company's ability to attract and retain key employees, the enforceability of the Company's patents, and the availability of key components.

These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

(1) All trademarks and brands mentioned in this release are the property of their respective owners.

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For more information, please contact:

Wi-LAN Inc.

Corporate Communications and Investor Relations

Ken Wetherell

Ph: (403) 207-6329

E-mail: kwetherell@wi-lan.com

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