InterDigital (IDCC) Tops Q1 EPS by 21c

InterDigital (NASDAQ: IDCC) reported Q1 EPS of $0.58, $0.21 better than the analyst estimate of $0.37. Revenue for the quarter came in at $101.3 million versus the consensus estimate of $97.85 million.

GUIDANCE:

InterDigital sees Q2 2022 revenue of $114-120 million, versus the consensus of $100 million.

• Near Term OutlookBased both on existing licenses and license agreements that we currently expect to be executed in second quarter 2022, the company expects revenue for the quarter to be between $114 to $120 million, including approximately $97 to $101 million of recurring revenue. This revenue guidance does not include the potential impact of any additional 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 2022.
• The company expects its second quarter operating expenses will be in the range of $73 to $77 million, plus $3 to $4 million of restructuring charges

For earnings history and earnings-related data on InterDigital (IDCC) click here.

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