RPX Announces First Quarter 2012 Financial Results
finance.yahoo.com
Summary Results
Revenue for the first quarter increased 28% to $43.8 million, compared to $34.4 million in the first quarter of 2011.
Net acquisition spend during the quarter totaled $13.4 million, and included seven new acquisitions of patent assets, in addition to the exercise of previously negotiated options to acquire licenses for new clients.
GAAP net income for the quarter was $8.1 million or $0.15 per diluted share, compared to $6.7 million or $0.14 per diluted share in the first quarter of 2011. Net income was $0.15 per pro forma diluted share[1] in the first quarter, compared to $0.17 per pro forma diluted share[1] in the first quarter of 2011.
Non-GAAP net income for the quarter, which excludes stock-based compensation and the amortization of acquired intangibles (in each case, net of tax), was $10.0 million or $0.19 per pro forma diluted share[1], compared to $7.7 million or $0.20 per pro forma diluted share[1] in the first quarter of 2011.
As of March 31, 2012, RPX had cash, cash equivalents and short-term investments of $252.1 million. |
