This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Unwired Planet Reports Fourth Quarter And Fiscal End 2012 Financial Results

Unwired Planet, formerly Openwave Systems Inc. (Nasdaq: UPIP), today announced financial results for the fourth quarter and fiscal year end 2012.

“We are excited about the significant progress we have made in transforming Unwired Planet into an Intellectual property company. Over the past nine months, we have divested the products businesses, added IP experience to the management team and Board, and embarked on a strategy with significant potential,” said Mike Mulica, Chief Executive Officer of Unwired Planet. “The company continues to transform, making great strides towards executing our multi-pronged IP strategy.”

On a GAAP basis, net income for the fourth fiscal quarter ended June 30, 2012 was $31.9 million or $0.36 per share, compared with a net loss of $9.5 million, or $0.11 per share, in the prior quarter and net loss of $20.0 million or $0.23 per share, in the June quarter in the preceding year. Restructuring costs in the quarter were $0.2 million. Net income on a GAAP basis for the year was $14.6 million, or $0.17 per share, driven by the gain on the sale of discontinued operations, compared with a net loss of $35.2 million, or $0.42 per share, in the prior year.

On a non-GAAP basis, net loss for the fourth fiscal quarter ended June 30, 2012 was $6.3 million or $0.07 per share, compared with a net loss of $4.7 million or $0.05 per share, in the prior quarter and a net loss of $3.0 million, or $0.04 per share, in the June quarter in the preceding year. Net loss on a non-GAAP basis was $4.3 million, or $0.05 per share, for fiscal 2012 compared with a net loss of $4.5 million, or $0.05 per share, in fiscal 2011. Non-GAAP net loss excludes discontinued operations, restructuring, impairments on investments, amortization of stock-based compensation, amounts associated with certain strategic costs, certain losses on investments and the tax impact of these items.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs