Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $0.59 USD
Change Today +0.0042 / 0.72%
Volume 318.4K
VRNG On Other Exchanges
Symbol
Exchange
NASDAQ CM
Berlin
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

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

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

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

Vringo, Inc. will be removed from Russell 2000 Index

Vringo, Inc.(NasdaqCM:VRNG) dropped from Russell 3000 Index

Vringo, Inc. will be removed from Russell 3000 Index.

Vringo Seeks Acquisitions

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.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
VRNG:US $0.59 USD +0.0042

VRNG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Inventergy Global Inc $0.34 USD +0.025
ITUS Corp $3.99 USD -0.06
Network-1 Technologies Inc $2.20 USD 0.00
Quest Products Corp $0.0039 USD -0.0001
Spherix Inc $0.56 USD +0.02
View Industry Companies
 

Industry Analysis

VRNG

Industry Average

Valuation VRNG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 105.7x
Price/Book 2.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 56.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact VRINGO INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.