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Vringo Reports Significant Losses in Q3

December 18, 2013

Vringo, Inc.’s Q3 earnings release reported Q3 2013 revenue of $50,000, down from $266,000 in Q3 2012. The company revealed a net loss of $10.6 million this quarter and $33.5 million for the first nine months of 2013, compared to $3.1 and $6.8 million respectively in 2012. Vringo’s net cash used in operating activities totaled $17.4 million in the nine month period ended September 30, 2013—significantly higher than the $6 million in costs incurred during the same period last year. The company attributed the increased costs in part to litigation expenses.


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