InterDigital Issues Updated Revenue Guidance for Fourth Quarter 2015

WILMINGTON, Del., Dec. 28, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that it has updated its expectations for total fourth quarter 2015 revenue to be between $107 million and $111 million. The company expects the revenue to be comprised of recurring revenue of between $92 million and $94 million and past sales of between $15 million and $17 million.  The updated total range includes, among other things, the expected impact of a new patent license agreement signed during the quarter and the collection of outstanding payments from a prior technology solutions customer.

These updated 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 2015.

Abou t 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- Lookin g 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 our current expectations with respect to the company's fourth quarter 2015 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 2015; (iv) the impact of final accounting treatment; and (v) the timing and outcome of the company's litigation and arbitration proceedings and the payment of any related awards. 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

Primary Logo




Review Article Be the first to review this article
Rand3D

Jobs
Analyst Programmer for Palm Beach County at West Palm Beach, FL
Architectural Designer for Champion Home Builders at Troy, MI
Mapping & GIS Sales Rep for California Surveying & Drafting Supply at Sacramento, CA
Upcoming Events
ATE SOLIDWORKS Innovation Day 2017 at LIFELONG LEARNING INSTITUTE LEVEL 2 @ 11 EUNOS ROAD 8 SINGAPORE Singapore - Oct 5, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise