InterDigital Updates Revenue Guidance for Fourth Quarter 2017
December 04 2017 - 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 2017 revenue to be between
$180 million and $210 million, including recurring revenue in the
range of $90 million to $97 million. Total revenue guidance
for the period includes non-recurring revenue attributable to the
expected recognition of the remaining portion of the non-refundable
prepaid balance on a patent license agreement scheduled to expire
at the end of 2017.
These updated revenue 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 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 fourth 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
fourth quarter 2017; (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 WilleEmail:
patrick.vandewille@interdigital.com +1 (858) 210-481
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