Content area
Abstract
(Marketwire - May 21, 2012) - WordLogic(R) (OTCQB:WLGC) today announced financial results for its fiscal 2012 first quarter ended March 31, 2012. The Company posted quarterly revenue of $5 million and quarterly net profit of $3.8 million, or $.05, basic net income per share and $.04 diluted net income per share. These results compare to revenue of $10 and net loss of $.67 million, or $.10 basic and diluted net loss per share, in the year-ago quarter. Licensed patent sales accounted for 99 percent of the quarter's revenue.