InterDigital Issues Revenue Guidance for Fourth Quarter 2016
November 28 2016 - 4:30PM
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and
development company, today announced that it expects its total
fourth quarter 2016 revenue to be between $95 million and $99
million. This range is made up entirely of recurring
revenue.
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 fourth quarter 2016.
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 StatementsThis 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 the company’s current
expectations with respect to fourth quarter 2016 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 2016; (iv) the timing and outcome of the company's
litigation and arbitration proceedings and the payment of any
related awards and (v) new developments in the company’s litigation
or arbitration proceedings. 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.
InterDigital Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
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