vringo inc (VRNG) Key Developments
Vringo, Inc. Announces Earnings Results for the Second Quarter and Cash Flow Results for the First Half Ended June 30, 2015
Aug 4 15
Vringo, Inc. announced earnings results for the second quarter and cash flow results for the first half ended June 30, 2015. Net loss from continuing operations was approximately $8.5 million (including non-cash expenses) for the quarter ended June 30, 2015, mainly attributable to the operating legal costs of $5.3 million in connection with ongoing litigations against ZTE Corporation, ASUSTeK Computer, Inc., and certain of their affiliates and customers, and other planned enforcements of intellectual property. On a per share basis, total net loss from continuing operations was $0.09 per basic and diluted share for the quarter ended June 30, 2015, compared to a net loss of $0.12 per basic and diluted share for the quarter ended June 30, 2014.
The company reported during the first half of 2015, average monthly cash used in operating activities was approximately $1.3 million compared to approximately $2.2 million during the first half of 2014, a decrease of 41%.
Vringo, Inc. Replaces KPMG LLP with CohnReznick LLP as Independent Registered Public Accounting Firm
Jul 17 15
Vringo, Inc. announced that the audit committee of the board of directors of the company conducted a selection process to determine the company's independent registered public accounting firm for the fiscal year ending December 31, 2015. As a result of this process, the committee approved the appointment of CohnReznick as the company's independent registered public accounting firm for the fiscal year ending December 31, 2015, and the dismissal of KPMG as the company's independent registered public accounting firm, as of July 13, 2015.
Vringo, Inc.(NasdaqCM:VRNG) dropped from Russell 2000 Index
Jun 29 15
Vringo, Inc. will be removed from Russell 2000 Index
Vringo, Inc.(NasdaqCM:VRNG) dropped from Russell 3000 Index
Jun 29 15
Vringo, Inc. will be removed from Russell 3000 Index.
Vringo Seeks Acquisitions
Jun 26 15
Vringo, Inc. (NasdaqCM:VRNG) filed a shelf registration in the amount of $55.38 million. A portion of the proceeds will be used for general corporate purposes, including, but not limited to, repayment of existing indebtedness, working capital, intellectual property protection and enforcement, capital expenditures, investments and acquisitions, including acquisitions of patent portfolios.