The stock has done well on a YTD basis, but that is mainly due to the spike in January. It is up 60% in 2013, and is nearly 73% up from the 52 week low made in December. The announcement of $50 Million financing last month will surely help improve the liquidity. The funds are to be used to support its long term mobile industry IP licensing strategy. The offering price of $1.66 per share resulted in $12.5 million of gross proceeds. The funding has led to appreciation in the stock price, but it has corrected a bit from the highs. The volumes have also been a bit low recently. The company has been showing its intent to move aggressively on its licensing strategy. The patent transaction with Ericsson (ERIC), which had a zero cash up-front payment, was a step in this direction. As per the deal, for the first $100 million earned in revenue by Ericsson, Unwired will get 20%. The management had stated at the time of the last earnings that the company would be executing a completely focused licensing strategy as a long-term industry platform for the realization of the intellectual property value across 2G, 3G, 4G technologies as well as cloud-based mobile applications and services. The infusion of more funds will surely lead to more room for the management to pursue different strategies. The impact of the deals / licensing arrangements on the numbers will be seen over the long term. Licensing is a better route for monetizing the patents as it leads to a steady stream of revenues, and the company is able to avoid the costs of the litigation process. There have been successes in the recent past like the case of Blue Calypso (BCYP) which got a settlement in an infringement lawsuit, but there also have been cases of failure. Hopefully, Unwired's efforts will show results soon.