Unwired Planet trims its GAAP net loss

For the first quarter of fiscal year 2014, Unwired Planet, Inc. (NASDAQ: UPIP) reported a net loss on a GAAP basis of USD7.2m, or USD0.07 per share, compared with a net loss of USD8.7m, or USD0.09 per share, in the prior quarter, and with a net loss of USD15.1m, or USD0.17 per share, in the September quarter of the preceding year.

On a non-GAAP basis, net loss for the first fiscal quarter ended September 30, 2013 was USD6.6m, or USD0.06 per share, compared with a net loss of USD6.5m, or USD0.07 per share, in the prior quarter, and with a net loss of USD8.1m, or USD0.09 per share, in the September quarter of the preceding year. Non-GAAP net loss excludes restructuring, stock-based compensation, strategic and post-strategic costs, discontinued operations, and the tax impact of these items.

Unwired Planet´s portfolio spans 2G, 3G, and 4G technologies, as well as cloud-based mobile applications and services, including patents related to key mobile technologies, including baseband mobile communications, mobile browsers, mobile advertising, push technology, maps and location based services, mobile application stores, social networking, mobile gaming, and mobile search. Unwired Planet is headquartered in Reno, Nevada.

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