InterDigital Issues Updated Revenue Guidance for Fourth Quarter 2015
December 28 2015 - 9:00AM
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and
development company, today announced that it has updated its
expectations for total fourth quarter 2015 revenue to be between
$107 million and $111 million. The company expects the revenue to
be comprised of recurring revenue of between $92 million and $94
million and past sales of between $15 million and $17
million. The updated total range includes, among other
things, the expected impact of a new patent license agreement
signed during the quarter and the collection of outstanding
payments from a prior technology solutions customer.
These updated expectations are based on preliminary accounting
results that are subject to review and finalization. In
addition, this revenue guidance is based primarily on royalty
reports received and license agreements signed 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 fourth quarter 2015.
About InterDigital®
InterDigital develops mobile technologies that are at the core
of 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.
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
fourth 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
fourth quarter 2015; (iv) the impact of final accounting treatment;
and (v) 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.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
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