InterDigital Issues Revenue Guidance for Third Quarter 2017
August 22 2017 - 08:30AM
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and
development company, today announced that it expects its total
third quarter 2017 revenue to be between $90 million and $98
million, including recurring revenue in the range of $83 million to
$88 million. The total revenue guidance includes the expected
range of contribution to the period, including past sales, from the
remaining portion of the patent transfer under the Huawei patent
license agreement.
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 third quarter 2017.
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.
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 third quarter 2017
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 third
quarter 2017; (iv) the timing and outcome of the company's
litigation and arbitration proceedings and the payment of any
related awards; (v) the final accounting treatment for the
remaining portion 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.
Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
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