Unwired Planet, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2013
January 31, 2014 at 02:35 am IST
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Unwired Planet, Inc. reported consolidated earnings results for the second quarter and six months ended December 31, 2013. For the quarter, operating loss from continuing operations was $7,102,000 against $8,852,000 a year ago. Loss from continuing operations was $7,525,000 against $8,813,000 a year ago. Net loss was $7,293,000 or $0.07 per basic and diluted share against $11,610,000 or $0.13 per basic and diluted share a year ago. Non-GAAP net loss was $7,059,000 or $0.07 per share against $6,072,000 or $0.07 per share a year ago.
For the six months, operating loss from continuing operations was $13,689,000 against $18,734,000 a year ago. Loss from continuing operations was $14,598,000 against $18,645,000 a year ago. Net loss was $14,479,000 or $0.14 per share against $26,720,000 or $0.30 per share a year ago. Non-GAAP net loss was $13,688,000 or $0.13 per share against $14,125,000 or $0.16 per share a year ago. Net cash provided by operating activities was $2,374,000 against net cash used in operating activities of $30,072,000 a year ago. Proceeds from purchases of property and equipment were $51,000.
Great Elm Group, Inc. is an alternative asset management company. The Company is focused on growing a scalable and diversified portfolio of long-duration, permanent capital vehicles across corporate credit, specialty finance, real estate, and other asset classes. The Company and its subsidiaries manage Great Elm Capital Corp., a business development company, and Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust, in addition to other investments. Its wholly owned subsidiaries include Great Elm Capital Management, Inc. (GECM), Great Elm Opportunities GP, Inc. (GEO GP), Great Elm Capital GP, LLC (GEC GP), Great Elm FM Acquisition, Inc. (FM Acquisition), Great Elm DME Holdings, Inc. (DME Holdings), Great Elm DME Manager, LLC (DME Manager), and Monomoy BTS Corporation (MBTS), among others.