InterDigital Issues Revenue Guidance for Second Quarter 2015
May 11 2015 - 4:30PM
InterDigital, Inc. (Nasdaq:IDCC), a mobile technology research and
development company, today announced that it expects its total
second quarter 2014 revenue to be between $89 million and $91
million.
"We are very pleased to announce that we expect to record total
revenue in the range of $89 million to $91 million in second
quarter 2015, comprised almost entirely of recurring revenue,"
noted Richard J. Brezski, Chief Financial Officer. "As expected,
our guidance is below the record level of recurring revenue we
reported for first quarter 2015, when we benefited from the first
full quarter of royalties on major product introductions in late
2014."
This revenue guidance is based primarily on royalty reports
received to date, and does not include the potential impact of any
new patent license, technology solutions or patent sale agreements
that may be signed, or any arbitration or dispute resolutions that
may occur, during the balance of second quarter 2015.
About InterDigital®
InterDigital develops technologies that are at the core of
mobile devices, networks, and services worldwide. We solve many of
the industry's most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a
richer multimedia experience years ahead of market deployment.
InterDigital has licenses and strategic relationships with many of
the world's leading wireless companies. Founded in 1972,
InterDigital is listed on NASDAQ and is included in the S&P
MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. Such statements include information regarding our
current expectations with respect to the company's second quarter
2015 revenue. Words such as "expects," "projects," "forecast," and
variations of such words or similar expressions are intended to
identify such forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties. Actual outcomes could differ materially from those
expressed in or anticipated by such forward-looking statements due
to a variety of factors, including, but not limited to: (i) the
entry into additional patent license, patent sales or technology
solutions agreements; (ii) the accuracy of market sales projections
of the company's licensees and timely receipt and final reviews of
quarterly royalty reports from the company's licensees and related
matters; (iii) amounts of royalties payable following routine
audits, if any, and the timely receipt of such amounts during
second quarter 2015; and (iv) the timing and outcome of the
company's litigation and arbitration proceedings and the payment of
any related awards. We undertake no duty to update publicly any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as may be required by applicable
law, regulation or other competent legal authority.
CONTACT: Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
InterDigital (NASDAQ:IDCC)
Historical Stock Chart
From Mar 2024 to Apr 2024
InterDigital (NASDAQ:IDCC)
Historical Stock Chart
From Apr 2023 to Apr 2024