The Ottawa-based company, which reports in U.S. currency, says its net loss of US$100,000 was less than a cent per share.
The quarter included higher expenses related to its litigation of patent rights, which were up $2.5 million from the same time last year while revenue was down by about $7 million, as anticipated.
In addition, Wi-LAN incurred a $418,000 restructuring charge related a curtailment of technical research for the purpose of generating patents, which are the primary source of the company's revenue.
Wi-LAN's more closely watched adjusted earnings fell to US$10.1 million or eight cents per share, down from US$20.8 million or 17 cents per share a year earlier.
The adjusted EPS was in line with a consensus estimate of eight cents per share compiled by Thomson Reuters.
Wi-LAN's revenue totalled $20.8 million, about $1.1 million above the company's guidance but $500,000 short of the consensus estimate of $21.3 million. A year earlier Wi-LAN's revenue was $27.4 million.
“With the strong financial performance of our business and the confidence that we have in the future, we are investing more of our free cash flow at this time in dividend payments to shareholders," said WiLAN president and CEO in a statement.
"As financial conditions permit, we plan to continue to consider the possibility of future dividend increases on a regular basis.”
The company says it will bump its quarterly dividend by half a cent per share, or 16 per cent, to 3.5 cents with the Oct. 5 payment.
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