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RPX Corporation

RPX Corporation’s PostRPX Corporation’s PostRPX Corporation’s PostRPX Corporation httpswwwrpxcorpcomwpcontentthemesnewimagRPX Online Tracking1EXHIBIT 99.1RPX Announces First Quarter 2016 Financial ResultsSAN FRANCISCO – May 3, 2016 – RPX Corporation (NASDAQ: RPXC), the leading provider of patent riskmanagement and discovery management solutions, today announced its financial results for the first quarter endedMarch 31, 2016."RPX executed on multiple fronts during the first quarter," said John Amster, CEO of RPX Corporation. "Both thepatent risk management and Inventus discovery services businesses performed in-line with expectations. Weclosed the Inventus acquisition on January 22nd, our Board approved a $25 million increase in our share repurchaseauthorization, and we raised $100 million through a Term Loan Facility and established a $50 million revolver toprovide financial flexibility and support growth initiatives.”Summary Results for the First Quarter of 2016Total revenue was $79.7 million, compared to $83.3 million in the first quarter of 2015.• Subscription revenue from patent risk management services - including insurance - was $67.1 million,compared to $66.2 million in the prior year period.• Discovery services revenue, included from January 23rd, was $10.6 million.• Fee-related revenue was $2.0 million, compared to $17.0 million in the prior year period.GAAP net income for the first quarter was $4.2 million or $0.08 per diluted share, compared to $18.0 million or$0.33 per diluted share in the first quarter of 2015.Non-GAAP net income for the first quarter, which excludes stock-based compensation, the amortization of acquiredintangibles, and fair value adjustments on deferred payment obligations (in all cases, net of tax), was $7.8 million or$0.15 per diluted share, compared to $21.2 million or $0.38 per diluted share in the first quarter of 2015.EBITDA less Net Patent Spend, the Company's preferred measure of pre-tax free cash flow, was $38.5 million inthe first quarter of 2016.Including insurance clients, there were 286 clients in RPX's patent risk network as of March 31, 2016.Net patent acquisition spend during the quarter totaled $16.2 million, and included 23 patent transactions.As of March 31, 2016, RPX had cash, cash equivalents and short-term investments of $204.2 million.追踪RPX包裹RPX abstract technology logo design on white background. RPX creative initials letter logo concept
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