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Marathon Patent Group, Inc. Message Board

  • investora2z investora2z Nov 28, 2013 7:10 AM Flag

    Lawsuit by subsidiary

    The latest lawsuit filed by Marathon's subsidiary Vantage Point includes Apple, LSI Corporation, MediaTek USA, Panasonic Corporation of North America and Sharp Electronics as defendants. Vantage Point has filed a total of 27 lawsuits, and this one is for "Method and Apparatus for Translating Virtual Addresses in a Data Processing System Having Multiple Instruction Pipelines and Separate Translation Look aside Buffers for each Pipeline." Marathon's subsidiary CyberFone recently got into a licensing and settlement with a consumer device and electronics company. The CyberFone portfolio has a good history of generating settlements. It has generated total $16 million in gross revenues in 22 months. The Q3'13 earnings of Marathon saw $710K in revenues, and the total for nine months of fiscal 2013 is $2.2 million. The net loss per share has come down significantly, and the cash position has improved. The net loss per share was $0.54 for the first nine months of 2013 compared $2.38 in the first nine months of 2012. In Q3'13, the net loss per share was 18 cents compared to 73 cents in Q3'12. The net cash used in Q3'13 was $253K compared to $460K in Q2'13. The company had $5.86 million cash as on September 30, 2013 compared to $2.35 million as on December 31, 2012. Several of the company's patent portfolios are generating revenues, and it is not totally dependent on the lawsuits. It is not profitable on a net basis yet, but it has started earning revenues. More settlements & licensing arrangements may come over the next few quarters. The consistency of the revenues will need to be seen over the next few quarters, and if the company can keep the costs under control, the financials will show a remarkable improvement. The company now owns around 100 patents in its seven portfolios, and has nearly 60 active lawsuits. The portfolio is diversified, which reduces the risk.

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