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BRIEF-Wilan reports 2015 year end and fourth quarter financial results

Published 2016-02-04, 06:39 a/m
© Reuters.  BRIEF-Wilan reports 2015 year end and fourth quarter financial results
QTRH
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Feb 4 (Reuters) - Wi-LAN Inc WIN.TO :
* Wilan reports 2015 year end and fourth quarter financial results
* Announced restructuring of operations, which is expected to save
approximately $8.0 to $10.0 million in annual expenses
* Backlog at December 31, 2015 was in a range of $175.0 to $205.0 million
* Approved the implementation of a normal course issuer bid to repurchase for
cancellation up to 10% of shares of co
* Says do not expect to incur any expenses related to research and development
beginning in the first quarter of fiscal 2016
* Charge of $1.3 million related to restructuring undertaken during
quarter;consists primarily of termination costs related to the workforce
reduction

* Source text for Eikon ID:nCCNRwvWp

* Further company coverage WIN.TO

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