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Finjan Reports $82 Million in Revenue for the First Half of Fiscal 2018, an Increase of 200% Year-Over-YearEAST PALO ALTO, Calif., Aug. 02, 2018 (GLOBE NEWSWIRE) -- Finjan Holdings, Inc. (NASDAQ:FNJN), a cybersecurity company, is providing shareholders with a financial update and highlight of the Company’s key accomplishments for the first half of 2018 and second fiscal quarter ended June 30, 2018. Additional updates regarding Finjan’s operating subsidiaries and investments are also highlighted and will be discussed during the conference call to be held on August 2nd at 1:30 p.m. PT/4:30 p.m. ET. Unaudited Financial Highlights for the First Six Months of 2018:
Unaudited Financial Results for the Second Quarter of 2018
“Finjan continues to execute evidenced by our settlements with Symantec and Carbon Black and our most recent license with Trend Micro. This has resulted in revenues of $82.3 million in first half of 2018, far surpassing revenues for the full year of fiscal 2017,” said Phil Hartstein, President and CEO of Finjan Holdings. “We have made progress on our strategic objectives which we introduced last quarter including cash back to our shareholder through our $10 million share repurchase program and building upon our expertise of patent monetization through the broadening of our patent portfolio through our IBM relationship.” In addition, in light of market activity and additional strategic options that have recently presented themselves to Finjan, the Board has elected to engage an investment bank to assist the Company in exploring these strategic options. The goal of this process is for Finjan to determine the best use of its resources to deliver value to shareholders. The Company has not set a timetable for this process. No decision has been made as to whether the Company will engage in a transaction or transactions and there can be no assurance that the review of strategic business options will result in any transaction, or the terms or timing of any potential transaction. Finjan has retained Atlas Technology Group, LLC as its investment banker for this process. IP Licensing and Settlement Updates for the Second Quarter of 2018:
October 2018 SonicWall (5:17-cv-04467) has a claim construction (“Markman”) hearing scheduled for October 12 November 2018 Germany Nullity (i.e. validity) Action will be heard, combined by the German Court for both Blue Coat and ESET cases currently pending December 2018 Zscaler (3:17-cv-06946) has Markman hearing scheduled for December 11 February 2019 ESET (3:17-cv-00183) trial date set for February 4 Finjan has pending infringement lawsuits against Palo Alto Networks, ESET and its affiliates, Cisco Systems, Sonicwall, Bitdefender and its affiliates, Juniper Networks, Zscaler, and Check Point, relating to, collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts. Finjan Mobile:
Analyst and Investor Call with Management A shareholder update call to discuss the Company’s second quarter 2018 and update on strategic initiatives is scheduled for 1:30 p.m. Pacific Time on August 2, 2018. Analysts, investors, and other interested parties may access the conference call by dialing 1-855-327-6837. International callers can access the call by dialing1-778-327-3988. An archived audio replay of the conference call will be available for 2 weeks beginning at 4:30 pm Pacific Time on August 2, 2018 and can be accessed by dialing 1-844-512-2921 and providing access code 10005163. International callers can access the replay by dialing 1-412-317-6671. The call will also be archived on Finjan's investor relations website. ABOUT FINJAN Established more than 20 years ago, Finjan is a globally recognized leader in cybersecurity. Finjan’s inventions are embedded within a strong portfolio of patents focusing on software and hardware technologies used to proactively detect previously unknown and emerging threats on a real-time, behavior-based basis. Finjan continues to grow through investments in innovation, strategic acquisitions, and partnerships promoting economic advancement and job creation. Finjan® is the registered trademark of Finjan Holdings, Inc.; Finjan MobileTM, and VitalSecurityTM are the trademarks of Finjan Holdings, Inc. Follow Finjan Holdings, Inc.: Twitter: @FinjanHoldings LinkedIn: linkedin.com/company/finjan Facebook: facebook.com/FinjanHoldings/ Cautionary Note Regarding Forward-Looking Statements Investor Contact: |