The company, which reports in U.S dollars, said its earnings were equivalent to two cents per share, compared to a loss of $2.1 million, or two cents a share, a year earlier.
Wi-LAN licenses the rights to patents in its portfolio and earns money through royalty payments from companies that use the protected technology in their products and services.
Its fourth-quarter revenue grew to $29.1 million from $21.2 million, which is nearly $1 million higher than it Wi-LAN projected when it reported its previous quarterly results.
The company reached an agreements during the quarter with BlackBerry (TSX:BB), which agreed to obtain a licence in exchange for the dismissal of all pending patent litigation. HTC and Sierra Wireless also settled with Wi-LAN after signing patent-licensing agreements.
"These agreements contributed to our strong revenues and adjusted earnings in the fourth quarter," Wi-LAN president and CEO Jim Skippen said in a release.
Adjusted quarterly earnings amounted to $17.2 million, up from $7 million in the comparable period, while litigation expenses dropped to $4.7 million from $8.8 million a year earlier.
Over the past year, Wi-LAN's stock has tumbled in value after failed patent litigation with numerous technology giants. including Alcatel-Lucent USA Inc. and Ericsson Inc.
In October, Wi-LAN shares fell more than 20 per cent after a jury decided that Apple Inc. did not infringe on a patent used in its wireless networking technology. However, Wi-LAN was still able to strike licensing agreements for other patents with other companies.
Its shares rose a penny to $3.41 on Thursday at the Toronto Stock Exchange.
For the year, Wi-LAN reported a bigger net loss of $18.1 million compared to $14.5 million a year earlier. Revenues increased to $88.2 million from $88 million.