* Q3 loss C$0.06/shr vs year-ago EPS C$0.16
* Q3 pro forma EPS C$0.01 vs est C$0.1
* Revenue rises 24 pct
Nov 9 (Reuters) - Wi-Lan Inc WIN.TO, a Canadian technology licensing firm, swung to a third-quarter loss hurt by higher litigation expenses, and warned of lower pro forma earnings for the full year as it expects a rise in operating expenses.
The company, which develops and licenses intellectual property for products in the communications and consumer electronics markets, said revenue for the year is expected to rise due to higher licenses and higher-than-expected royalty.
On a pro forma basis, Wi-Lan earned 1 Canadian cent a share for the July-September quarter, which was in line with analysts estimates, according to Thomson Reuters I/B/E/S.
The company said its litigation expenses rose to C$7.0 million in the third quarter from C$4.3 million a year ago.
With higher-than-forecasted investment in litigation, operating expenses for the year are expected to rise to C$41-44 million, up from its earlier estimate of C$36-40 million, Wi-Lan said. [ID:nASA010WN]
Revenue for the year is expected to be C$46-C$48 million, up from its previous range of C$43-C$47 million.
For the third quarter, the company posted a net loss of C$6.2 million, or 6 Canadian cents a share, compared with a profit of C$16.5 million, or 16 Canadian cents a share in the year-ago quarter.
Earnings in the year-ago period included a one-time tax benefit of C$19.6 million. Excluding this, it would have recorded a loss of C$3.1 million, or 3 Canadian cents a share.
Revenue rose 24 percent to C$11.3 million, topping analysts’ average expectations of C$11.1 million.
Wi-Lan shares, which have gained 41 percent in value since settling a patent suit with UTStarcom UTSI.O in August, closed at C$4.78 on Monday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Gopakumar Warrier)