Unwired Planet, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2012
January 31, 2013 at 04:53 pm EST
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Unwired Planet, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported total revenues were $3,000 compared to $5,000 for the same period a year ago. Operating loss from continuing operations was $8,852,000 compared to $6,263,000 for the same period a year ago. Net loss from continuing operations was $8,813,000 compared to $6,572,000 for the same period a year ago. Net loss from continuing operations after tax was $8,813,000 or $0.10 per basic and diluted share compared to $9,073,000 or $0.11 per basic and diluted share for the same period a year ago. Net loss was $11,610,000 or $0.13 per basic and diluted share compared to $10,390,000 or $0.12 per basic and diluted share for the same period a year ago. Non-GAAP net loss was $6,072,000 or $0.07 per share compared to $4,655,000 or $0.05 per share for the same period a year ago. Net cash used for operating activities was $15,239,000 compared to net cash from operating activities of $3,276,000 for the same period a year ago.
For the six months, the company reported total revenues were $6,000 compared to $15,026,000 for the same period a year ago. Operating loss from continuing operations was $18,734,000 compared to operating income from continuing operations of $4,422,000 for the same period a year ago. Net loss from continuing operations was $18,645,000 compared to net income from continuing operations of $4,175,000 for the same period a year ago. Net loss from continuing operations after tax was $18,645,000 or $0.21 per basic and diluted share compared to net income from continuing operations after tax of $1,674,000 or $0.02 per basic and diluted share for the same period a year ago. Net loss was $26,720,000 or $0.30 per basic and diluted share compared to $7,749,000 or $0.09 per basic and diluted share for the same period a year ago. Non-GAAP net loss was $14,125,000 or $0.16 per share compared to non-GAAP net income of $6,777,000 or $0.08 per share for the same period a year ago. Net cash used for operating activities was $30,073,000 compared to $14,178,000 for the same period a year ago. Net operating loss was $1.06 billion.
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.
GREAT ELM GROUP, INC. 
