Finjan Holdings Inc (FNJN)

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Q4 and 2015 Annual Forecasts

Although impossible to forecast, we are assuming no additional licensing deals this year. For now we are keeping revenues only from the consulting business in our estimate. We expect that new business to show its first revenues shortly. With minimal revenue expected and only a slight reduction in SG&A for Q4 we are forecasting a loss of $0.18 per share for the quarter, or $4 million. This will result in a loss of $0.74 per share for the year on revenues of $1 million.