Finjan Holdings Inc (FNJN)

[UglyAmerican]

Finjan: New License With Avast, And More Expected
Nov. 18, 2015 2:34 PM • FNJN
Summary
New $3 million license with Avast will be booked in Q4 2015.
More expected according to 10-Q language.
Link to seeking alpha article:
http://seekingalpha.com/article/3692876-finjan-new-license-with-avast-and-more-expected

Avast agreed to license Finjan's (NASDAQ:FNJN) patents and will pay the company $2.975 million by November 30, 2015. As a result, we are raising revenues and earnings estimates for Q4 2015, and therefore the year. Avast Software, located in Redwood City, California, reported revenues of $217 million in 2014, up 51% from 2013, and has been growing 56% per year since 2008. It claims 230 million users and 30 percent of the consumer PCs in the world outside of China.