InterDigital Issues Revenue Guidance for Second Quarter 2017
May 11 2017 - 8:45AM
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and
development company, today announced that it expects its total
second quarter 2017 revenue to be between $130 million and $135
million, with recurring revenue in the range of $84 million to $89
million and past sales revenue of $46 million. The guidance
includes the total amount to be paid pursuant to a second quarter
2017 settlement. The range does not include any amounts
related to the remaining patents due to be transferred under the
Huawei patent license agreement. Such transfer was originally
expected to take place by the end of second quarter 2017, but the
transfer is now expected to be completed in third quarter 2017.
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 2017.
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 the company’s current
expectations with respect to second quarter 2017 revenue and the
timing for completion of the transfer of the remaining patents
under the Huawei patent license agreement. 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 2017; (iv) the timing and outcome of the company's
litigation and arbitration proceedings and the payment of any
related awards; (v) a change in the expected timing of the
completion of the Huawei patent transfer; and (vi) 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 WilleEmail:
patrick.vandewille@interdigital.com +1 (858) 210-4814 |
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