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First Quarter 2022 Earnings Call
Event Details:
Event Date:Thursday, May 5, 2022 10:00 AM ET
Webcast URL:https://events.q4inc.com/attendee/936407770
OFF TOPIC BUT WORTH LIISTENING TO
TIP-RANKS EMIL ALERTS being received on the following:
Johnson & Johnson (JNJ) just went above its 52 week high and is currently trading at $182.96
Exelon (EXC) just went above its 52 week high and is currently trading at $50.14
Southern Co (SO) just went above its 52 week high and is currently trading at $76.65
Duke Energy (DUK) just went above its 52 week high and is currently trading at $115.41
WEC Energy Group (WEC) just went above its 52 week high and is currently trading at $104.62
AND, THEN there is this one that is the most disappointing of all, especially when other companies are reaching new 52 week highs:
InterDigital (IDCC) just went below its 52 week low and is currently trading at $61.2 (-1.24%) for the second day in a row.
What is it going to take, IDCC Management, to move this thing up?
Try raising the dividend
Try issuing a special dividend
Sell the company to someone who can move the price up.
JMO
InterDigital Board of Directors Declares Regular Quarterly Cash Dividend
Company Release - 3/30/2022
WILMINGTON, Del., March 30, 2022 (GLOBE NEWSWIRE) --
InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share on its common stock, payable on April 27, 2022, to shareholders of record at the close of business on April 13, 2022.
InterDigital’s Gaëlle Martin-Cocher Elected Vice Chair of the ITU-T Telecommunication Standardization Advisory Group (TSAG)
Company Release - 3/28/2022
Critical role oversees ITU-T work program methods and industry collaborations
WILMINGTON, Del., March 28, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, applauded the election of Gaëlle Martin-Cocher to serve as Vice Chair of the Telecommunication Standardization Advisory Group (TSAG) within the International Telecommunications Union (ITU).
The TSAG is an advisory body for the ITU-T study groups addressing a range of issues, including ICT service provision, economic and policy implications, future networks and cloud, content delivery platforms, broadband cable and TV, the Internet of Things, and more. The TSAG oversees ITU-T work programs and methods, relationships with International Organization for Standardization (ISO), International Electrotechnical Commission (IEC), 3rd Generation Partnership Project (3GPP), and other standards development organizations and consortia.
“We celebrate Gaëlle for her recent election to Vice Chair of the ITU-T TSAG, not only for the hard work and collaboration that earned her this position, but also for the ways her leadership will help shape the impact of the organization,” said Henry Tirri, CTO, InterDigital. “Our participation and leadership in influential consortia like ITU-T help lay an important path for industry.”
In addition to her new Vice Chair role, Ms. Martin-Cocher serves a second term as a TSAG representative in the IEC SMB / ISO TMB / ITU-T Standardization Programme Coordination Group (SPCG), responsible for identifying strategic areas of coordination between the three organizations when new fields of technical activity are proposed.
InterDigital to Present at the Sidoti Spring 2022 Virtual Conference
InterDigital, Inc.
Mon, March 21, 2022, 7:30 AM
WILMINGTON, Del., March 21, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company will be presenting at the Sidoti Spring 2022 Virtual Conference on Thursday, March 24th, 2022, at 1:45 PM ET.
The event will be webcast live and an archived replay of the presentation will also be available following the conference. For more information, please visit the Investors section of the company’s website closer to the event.
It's anyone's guess. Was it higher, lower, or somewhere in between the day's trading range?
Maybe somebody is covering a short position. Maybe someone is bottom fishing. Maybe a fund is liquidating their position either because of their decision or someone wants to cash out and put their money into some better stock(a).
I'd be more concerned if it was several large blocks in excess of 1-2 million shares that would mean something.
InterDigital Q4 2021 Earnings Preview
Feb. 16, 2022 1:39 PM ET
InterDigital, Inc. (IDCC)By: Khyathi Dalal, SA News Editor
InterDigital (NASDAQ:IDCC) is scheduled to announce Q4 earnings results on Thursday, February 17th, before market open.
The consensus EPS Estimate is $0.68 and the consensus Revenue Estimate is $101.54M (+11.8% Y/Y).
Over the last 1 year, IDCC has beaten EPS estimates 0% of the time and has
beaten revenue estimates 75% of the time.
InterDigital (IDCC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Zacks Equity Research
Thu, February 10, 2022, 2:01 PM
Zacks Equity Research
Thu, February 10, 2022, 2:01 PM
In this article:
IDCC
-3.15%
Watchlist
See why Wall Street expects a year-over-year increase in earnings on higher revenues when InterDigital (IDCC) reports results for the quarter ended December 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 17. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This wireless research and development company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of +850%.
Revenues are expected to be $101.6 million, up 11.9% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for InterDigital?
For InterDigital, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that InterDigital will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that InterDigital would post earnings of $0.38 per share when it actually produced earnings of $0.83, delivering a surprise of +118.42%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
InterDigital doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
my3sons87. Yes. I missed that. That is how much I follow what is going on with IDCC.I remember the 'scorecard' that I think Olddog would post after a quarterly update.
But the issue is still how much are we going to get! Wasn't the last settlement one where we didn't get what we deserved !
Maybe this is the one that turns the corner.
Monterey, we all know what is going to happen with Lenovo. Eventually, we will either lose the case or will settle for a minimal pennies on the dollar and get some piddly amount for a license agreement.
What Type Of Shareholders Own The Most Number of InterDigital, Inc. (NASDAQ:IDCC) Shares?
https://finance.yahoo.com/news/type-shareholders-own-most-number-121518845.html
Fourth Quarter and Full Year 2021 Financial Results Conference Call
Event Details:
Event Date:Thursday, February 17, 2022 10:00 AM ET
Webcast URL:https://events.q4inc.com/attendee/231119050
(SHOW US THE MONEY) InterDigital Recognized for Wireless and Video Standards Contributions in Global Top 100 Innovation Report
Company Release - 1/31/2022
The Innovation Momentum 2022: The Global Top 100 report spotlights companies for innovation and forward-looking technology development
WILMINGTON, Del., Jan. 31, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that it has been recognized in the LexisNexis “Innovation Momentum 2022: The Global Top 100” report for its contributions to wireless and video standards.
The “Innovation Momentum 2022: The Global Top 100” report uncovers forward-looking technological developments and spotlights innovative companies. The report recognizes those that have contributed “Innovation Momentum” over the last two years, have demonstrated exceptional technology relevance for the future, and that are outperforming their peers. The 2022 report focuses on three specific industries— pharmaceuticals, electronics and semiconductors—as part of a wider review of 11 industry sectors in total. InterDigital is included in the “Research & Development” industry sector.
“As a key player and contributor to standards, especially for 5G and video, we are honored to be included in this report. We are delighted to be called out as a truly innovative company making forward-looking technology developments, which, in our case, are shaping the future of communications and immersive experiences,” said Liren Chen, President and CEO, at InterDigital. “InterDigital has played an integral role in the development of key standards over the last several years, especially for 5G, and having these contributions recognized reinforces the critical work our engineering teams deliver to bring the next generation of wireless networks to life.”
The Innovation Momentum was developed to provide an unbiased methodology to identify innovators who outperformed their peers over the last two years. Taken into consideration was the “Technology Relevance” of a patent portfolio and whether it has significantly increased for small portfolios or has been maintained or even increased in the case of large portfolios. In addition, “Market Coverage”, which includes portfolio size development and the global filing strategy, was also evaluated as part of the methodology. As of December 31, 2020, InterDigital’s wholly owned subsidiaries held a portfolio of nearly 28,000 patents and patent applications related to wireless communications, video coding, display technology, and other areas relevant to the wireless and consumer electronics industries.
InterDigital has been a pioneer in wireless research and development for five decades. In addition to a heritage of video leadership, the InterDigital’s world-class Research and Innovation Lab has designed and developed a range of key technologies instrumental to digital cellular and wireless networks, and has actively contributed to the development of 2G, 3G, 4G and 5G. Over the last 20 years, InterDigital has made more than 10,000 contributions to global standards, including more than 1,000 contributions to foundational video standards.
The LexisNexis “Innovation Momentum 2022: The Global Top 100” report is available to download here.
Avion Wealth Buys VUSB, TMO, IRT, CP, TMDI ----
Oh well, here comes their first loss from their recent purchases !
InterDigital Announces Date for Fourth Quarter and Full Year 2021 Financial Results
Company Release - 1/19/2022
WILMINGTON, Del., Jan. 19, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company will release its fourth quarter and full year 2021 financial results before market open on Thursday, February 17, 2022.
InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company's financial performance and other company matters.
For a live Internet webcast of the conference call, visit www.interdigital.com and click on the link to the live webcast on the Investors page. The company encourages participants to take advantage of the Internet option.
For telephone access to the conference, call (888) 394-8218 within the United States or +1 (323) 701-0225 from outside the United States. Please call by 9:50 a.m. ET on February 17th and give the operator conference ID number 3170663.
An Internet replay of the conference call will be available on InterDigital’s website in the Investors section. In addition, a telephone replay will be available from 1:00 p.m. ET February 17th through 1:00 p.m. ET February 22nd. To access the recorded replay, call (888) 203-1112 or +1 (719) 457-0820 and use the replay code 3
My only comment is why management is not commenting on the amount they want as infringement. 10 years is a long time to go on without receiving one dime.
Management should respond by saying that the offer is grossly inadequate and should declare that they are moving forward, seeking every penny owed for past infringement.
Only with IDCC stock; been in and out of stocks since 1990's.
what gave you the impression it is for 20 years?
Actually, 4 buys (Jan, Apr, May and Dec 2017) averages out to less than 5 years at average of $57.97 is not bad in my books !
I thought Data Rox was very familiar with QCOM, and thought that maybe he worked for them at one point. But not sure of working there.
Thanks to Data Rox, I bought shares year ago and have a nice three-bagger in this one.
I have been following this stock for 3-1/2 years now from the sidelines, with no position whatsoever.
IMO, after reverse splits, additional share raises, lots of talk about benchmarks, redesign, rebranding, and other promises, the stock price continues to trade at its lows.
Even the thoughts of a buyout from Medtronics HASN'T MOVED THE STOCK PRICE UP.
Every year-end, tax loss selling drags the price down to low levels.
Talks of a buy out at 2-6 billion have not materialized during my watching period.
MY BOTTOM LINE TAKE: There is little if any hope for this stock to climb back to any respectible levels.
IF YOU REALLY THINK THIS STOCK HAS POTENTIAL, I would sell now, wait 30- days and buy it back and then forget about the stock for several years. Look at it as a total loss and if it does succeed, be glad and take the gain.
JMO
Thursday, January 13, 2022 05:00 PM ET
24th Annual Needham Virtual Growth Conference
Event Details:
Event Date:Thursday, January 13, 2022 05:00 PM ET
Webcast URL:https://wsw.com/webcast/needham116/idcc/2202046
HERE IT IS:
Titan Medical Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
TMDI
-0.47%
Thu, December 30, 2021, 3:48 PM
In this article:
TORONTO, December 30, 2021--(BUSINESS WIRE)--Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on the development and commercialization of an innovative single access robotic-assisted surgery system, today received notification from the Nasdaq Stock Market LLC Listing Qualifications Department that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Rule 5550(a)(2) since the closing bid price for the company's common shares listed on Nasdaq was below US$1.00 for 30 consecutive business days. Nasdaq Rule 5550(a)(2) requires the shares to maintain a minimum bid price of US$1.00 per share, and Nasdaq Rule 5810(c)(3)(A) provides that failure to meet such a requirement exists when the bid price of the shares is below US$1.00 for a period of 30 consecutive business days.
These notifications do not impact the company’s listing on the Nasdaq Capital Market at this time. In accordance with Listing Rule 5810(c)(3)(A), the company has a period of 180 calendar days from the date of notification, being until June 28, 2022, to regain compliance with the minimum bid price requirement, during which time the shares will continue to trade on the Nasdaq Capital Market. If at any time before June 28, 2022, the bid price of the shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the company has achieved compliance with the minimum bid price requirement and will consider such deficiency matters closed.
The company is also listed on the Toronto Stock Exchange and the notification letter does not affect the company's compliance status with such listing.
The company intends to evaluate all available options to resolve the deficiency and regain compliance with Nasdaq Rule 5550(a)(2).
We (the American People) lost control when we allowed the Chinese to manufacture everything and we let go of "built In America'. We became too dependent on foreign countries like China. Once they had a monopoly on manufacturing, chip production, and pricing, they had us by the 'ball$'
Trump tried to break these holds on us by charging tariffs on goods and refusing to take their 'crap'. He new how to play hardball and win over China.
We need the White House to bat for us against China and get back our technologies, patents, and rights to get paid for our products.
We are out there helping the world out of their problems and not getting the recognition, thanks, and compensation for our looking out for others.
Don't get me wrong -- I am NOT against helping the poor under priviledged countries. What I am against is for our government (Washington) not supporting our country against these crook and pirates.
SEASONS GREETINGS OPPO, ET. AL.
On December 20, 2021 and December 22, 2021, InterDigital, Inc. (the “Company”) and/or certain of its subsidiaries filed patent infringement actions in the UK, India and Germany alleging infringement of the Company’s patents related to 3G, 4G/LTE and 5G and HEVC standards against Guangdong Oppo Mobile Telecommunications Corp., Ltd. (“Oppo”), OnePlus Technology (Shenzhen) Co., Ltd. (“OnePlus”), and realme Mobile Telecommunications (Shenzhen) Co., Ltd. (“realme”) and/or certain affiliates of these entities.
In each of these actions, the Company is seeking, among other relief, injunctive relief to prevent further infringement of the asserted patents.
So you think MEDTRONICS will buy TMDI !
SEEMS LIKE THEY ARE HAVING THEIR OWN PROBLEMS !
Medtronic On Pace for Largest Percent Decrease Since June 2020 -- Data Talk
December 15 2021 - 11:39AM
Dow Jones News Alert
Print
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Medtronic Plc (MDT) is currently at $104.40, down $7.29 or 6.52%
-- Would be lowest close since Nov. 6, 2020, when it closed at $103.56
-- On pace for largest percent decrease since June 11, 2020, when it fell 6.85%
-- Currently down three of the past four days
-- Currently down two consecutive days; down 7.49% over this period
-- Worst two day stretch since the two days ending June 11, 2020, when it fell 8.31%
-- Down 2.15% month-to-date
-- Down 10.87% year-to-date; on pace for worst year since 2010, when it fell 15.67%
-- Down 22.76% from its all-time closing high of $135.17 on Sept. 8, 2021
-- Down 9.19% from 52 weeks ago (Dec. 16, 2020), when it closed at $114.97
-- Down 22.76% from its 52 week closing high of $135.17 on Sept. 8, 2021
-- Would be a new 52 week closing low
-- Traded as low as $103.99; lowest intraday level since Nov. 6, 2020, when it hit $103.00
-- Down 6.89% at today's intraday low; largest intraday percent decrease since June 11, 2020, when it fell as much as 6.93%
-- Second worst performer in the S&P 500 today
Investment company AlphaCentric Robotics and Automation Fund Sold Out: 6324, OUST, 6481, DEH, TMDI
TIME OF THE YEAR AGAIN FOR TAX LOSS SELLING ~ ~ ~
HAPPENS EVERY YEAR !
i got into it with a small 1,000 share purchase.
SPEAKING OF THOSE NO LONGER WITH US, 2 NAMES THAT COME TO MY THOUGHTS ARE
LARANGER
MICKEYBRITT
New Report from Futuresource and InterDigital Details Myriad Complexities and Opportunities for AI/ML in Video Entertainment
Company Release -
12/7/2021
Report details AI/ML benefits to complex encode and decode and vital operations across the video supply chain
WILMINGTON, Del., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Often considered a “solution for everything,” AI will expand its impact as the video entertainment industry realizes its benefits to a variety of applications. A recent white paper commissioned by InterDigital, Inc. (NASDAQ: IDCC) and written by market research firm Futuresource Consulting examines the industry influence of artificial intelligence (AI) and machine learning (ML) on applications across the video supply chain. The report, “AI and Machine Learning in the Video Industry: New Opportunities for the Entertainment Sector,” investigates the emerging uses of AI across segments of the media industry and highlights key examples of how AI is employed today and might develop in the future.
Valued at roughly $84 billion, the global video entertainment industry is fueled by a five-stage supply chain comprised of media creation, preparation, distribution, playout and delivery, and consumption. AI can be incorporated within several applications across the ecosystem, from encoding to transmission to decoding to post-processing. With a wide variety of applications, including auto tagging metadata, creating transcripts, conducting quality control, flagging inappropriate content, or even service personalization, AI’s strength is extracting patterns from “big data” where traditional algorithms might fail.
The report identifies cost reduction and efficiency as the primary drivers to use AI in broadcast and media. In a data-heavy industry such as multimedia broadcast, the more granular insights that can be extracted from data, the more benefit it will deliver in efficiencies to adopters of the technology.
“We have long known that AI and machine learning will deliver significant improvements to operations throughout the video ecosystem, and this research delivers a nuanced perspective on what these critical technologies have accomplished and have yet to improve,” said Henry Tirri, CTO, InterDigital. “To develop cutting-edge solutions for the video industry’s most critical needs, it is imperative to understand the benefits, and limitations, of AI and ML in their current stage.”
AI and ML offer the potential to augment existing video encoding methods to reduce file sizes and bit rates whilst maintaining visual quality. The report also suggests ML techniques are beginning to influence new solutions for the video industry, though its benefits are not always universal or immediately tangible. Research shows machine learning will play a role in defining advanced video coding mechanisms, even though the significant complexity in encode and decode operations make traditional tools more efficient than AI-based alternatives. For instance, the state-of-the-art Versatile Video Coding (VVC) standard offers a roughly 40% compression improvement over HEVC but carries a tenfold increase in encoding complexity.
“As AI-based methods evolve, the technology will become even more entrenched in video encoding and decoding solutions,” said Simon Forrest, Principal Technology Analyst, Futuresource. “AI and machine learning are likely to become vital elements that enable a commercially viable 8K streaming or broadcast TV service, and even support the proliferation of video conferencing beyond the application of traditional coding schemes.”
To learn more about the findings of the report, “AI and Machine Learning in the Video Industry: New Opportunities for the Entertainment Sector,” please click here.
He is thankful for all the free shares he received in his lifetime from InterDigital !
my3sons87: Do you think or are you saying that management is NOT pursuing monetary compensation to the fullest extent possible?
Would one think that they are not discharging their duties and responsibilities in the interest of the company and its shareholders ?
Paullee - I second the motion !
my3sons87
So it looks like the company doled out stocks based on the following:
(1) The transactions reported represents the partial vesting of an award of performance-based restricted stock units granted to the reporting person on March 31, 2020 pursuant to the company's 2017 Stock Incentive Plan in accordance with the 2020 Long-Term Compensation Program.
m3s, i guess you and i missed getting our share from the trough !
my3ons87:
several reasons why I am still in this stock.
1. I have a cost basis of around $5.70 so to sell and pay taxes is out of the question.
2. I don't need the money for other things so why disturb my initial investment.
3. I used to use the quarterly dividends for fun and entertainment (IE: Casino) and though I don't go as much because of Covid, it nice to get a combination of $35,000 in annual dividends.
4. I am still hoping that it breaks $100 again and stays at or above those levels.
5. I am also hoping one day that the company is merged with some powerhouse that can propel the shares much higher
When we leave this earth, it passes to our 2 children and their cost would be set at the time of our death and we would suggest that they unload the stock at little or no taxable gain to them.
I wish I would have been smarter and taken profits at $100 per share instead of listening and believing people like Mickeybritt, the calculrot with lots of zeros, to the moon, the engine and transmission etc.
M3S, nothing left for the minions, not even for a guppy!
Three new people feeding from the trough"
Hakoranta Eeva K.-- Chief technology officer
Tirri Henry -- Chief technology officer
Cohen Eric - Chief Strategy& Growth Officer
Sidoti Fall Virtual Small Cap Conference
Event Details:
Event Date:Wednesday, September 22, 2021 01:00 PM ET
URL:https://sidoti.zoom.us/webinar/register/WN_9sMm5AWrSYiEQ16yvFgqbA
InterDigital (IDCC) Solid Q3 View to Boost Investor Confidence
Zacks Equity Research
Thu, September 16, 2021, 10:00 AM
In this article:
terDigital, Inc. IDCC recently issued guidance for third-quarter 2021. The outlook offers clarity regarding its business operations as it aims to navigate through the post-pandemic revival and is likely to instill investors’ confidence in the stock.
Management currently expects third-quarter revenues between $119 million and $121 million, reflecting the operating leverage of the company’s business model. This includes recurring revenues of $89-$91 million, indicating a sequential increase of $15 million driven by a fixed price license agreement signed during the quarter. The Zacks Consensus Estimate for revenues is pegged at $119 million. Total operating expenses are likely to be between $97 million and $105 million.
InterDigital had earlier reported modest second-quarter 2021 results with the bottom line beating the Zacks Consensus Estimate despite top-line contraction. The quarterly results were largely in accordance with the company’s overall expectations. The company reported net income of $1.6 million or 5 cents per share compared with $22.3 million or 72 cents per share in the prior-year quarter. The decline was largely due to lower revenues and higher operating expenses. Adjusted earnings in the reported quarter were 39 cents per share, which topped the Zacks Consensus Estimate of a loss of 25 cents, delivering a surprise of 256%. The wireless R&D company’s revenues decreased to $87.7 million from $104.5 million in the prior-year quarter owing to a challenging macroeconomic environment. The top line was at the high end of the company’s guidance and surpassed the consensus estimate of $86 million.
InterDigital’s commitment to licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. It has leading companies, such as Huawei, Samsung, LG, and Apple, under its licensing agreements. Consequently, the company expects to generate healthy revenues from patent licensing in the forthcoming quarters as well.
InterDigital’s global footprint, diversified product portfolio, and its ability to penetrate different markets are impressive. Apart from the company’s strong portfolio of wireless technology solutions, the addition of technologies related to sensors, user interface, and video to its offerings is likely to drive significant value, considering the massive size of the market it licenses. Furthermore, the company remains committed to pursuing acquisitions in order to drive its product portfolio and boost organic growth.
The company is focused on pursuing agreements with unlicensed customers in the handset and consumer electronics markets. InterDigital aims to become a leading designer and developer of technology solutions and innovation for the mobile industry, IoT, and allied technology areas by leveraging its research and development capabilities, technological know-how, and rich industry experience. At the same time, it intends to enhance its licensing revenue base by adding licensees and expanding into adjacent technology areas that align with its intellectual property position.
The stock has gained 18.2% over the past year compared with the industry’s growth of 26.5%.
InterDigital currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the industry are Clearfield, Inc. CLFD, sporting a Zacks Rank #1 (Strong Buy), and Nokia Corporation NOK and Qualcomm Incorporated QCOM, carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Clearfield delivered a trailing four-quarter earnings surprise of 49%, on average.
Nokia has a long-term earnings growth expectation of 1.5%. It delivered an earnings surprise of 202.7%, on average, in the trailing four quarters.
Qualcomm has a long-term earnings growth expectation of 21%. It delivered an earnings surprise of 13.5%, on average, in the trailing four quarters.
InterDigital Issues Guidance for Third Quarter 2021
Company Release - 9/15/2021
WILMINGTON, Del., Sept. 15, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today provided guidance for third quarter 2021.
The company expects third quarter 2021 total revenue to be between $119 million and $121 million, including approximately $89 million to $91 million of recurring revenue. The increase from second quarter 2021 is driven by both an expected $15 million of recurring revenue and $30 million of non-recurring revenue from a fixed price license agreement signed during third quarter 2021.
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 third quarter 2021.
In addition, the company expects third quarter operating expenses to be in the range of $97 million to $105 million, driven by one-time expenses of approximately $18 million to $23 million associated with a previously announced restructuring and adjustments to compensation accruals.