InterDigital Issues Guidance for Second Quarter 2021
InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology
research and development company, today provided revenue guidance
for second quarter 2021.
The company expects second quarter 2021 total revenue
to be between $83 million and $88 million, including approximately
$9 million from up-front recognition of a static fixed-fee license
agreement signed during the quarter.
This revenue guidance 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
InterDigital develops mobile and video 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, better video delivery, and richer multimedia experiences
years ahead of market deployment. InterDigital has licenses and
strategic relationships with many of the world's leading technology
companies. Founded in 1972, InterDigital is listed on NASDAQ and is
included in the S&P SmallCap 600® index.
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 2021
revenue. Words such as “expects,” “projects,” “forecasts,”
“anticipates,” 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 or our estimates of sales by our
per-unit licensees; (iii) delays in payments from our licensees;
(iv) amounts of royalties payable following routine audits, if any,
and the timely receipt of such amounts; (v) the timing, expenses,
and outcome of the company’s litigation and arbitration proceedings
and the timely receipt of any related awards; (vi) new developments
in the company’s litigation or arbitration proceedings; and (vii)
the potential effects that the ongoing COVID-19 pandemic could have
on our financial position, results of operations and cash flows. 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.
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