WordLogic Corp. reported earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue of $5 million quarterly net profit of $3.8 million, or $0.05, basic net income per share and $0.04 diluted net income per share. These results compare to revenue of $10 and net loss of $0.67 million, or $0.10 basic and diluted net loss per share, in the year-ago quarter. Licensed patent sales accounted for 99% of the quarter's revenue. The company provided earnings guidance for the full year of 2012. As the company looks ahead to the remainder of 2012 and beyond, the company is well prepared and positioned to continue improving its operating results by controlling costs and capitalizing on new licensing opportunities as well as launching WordLogic patented predictive products for the mobile and tablet marketplace globally.