Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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.
vegas_options, I suggested several years ago that IDCC rview its payments to shareholders.
I suggested 3 options which could be used to not only reward its shareholders but also make it more equitable AND could raise investor interest in the stock.
First, increase the quarterly dividend by #0.05 per quarter.
Second, provide an annual special dividend on a formula based on a percentage of profits for the year AND signing NEW licenses.
Third, a return of capital to shareholders based on allowable formulas. As you stated, return of capital carries no income tax consequences for recipients, as it lowers the carrying value for shareholder.
The top execs get bonuses based on accomplishments, so why not also pass these to the shareholders. AND, as an employee at IDCC with skin in the game in the form of stock ownership, they get additional spendable compensation by owning stock.
These 3 factors would be a WIN-WIN-WIN benefit to shareholders.
With the huge cash equivilents on the books, dIDCC could put this to good use to enhance shareholder value and benefits, and not waste it on buyouts and business 'acquisitions' which don't seem to pan out for the bottom line.
JMO
MAGILLA Laat posted on IHUB in 2018;
Ghors LAST posted IN 2017
Revlis last posted in 2017
The Count last posted in April 2020 on the IDCC board
IDCC mentioned here by Zacks:
A couple of better-ranked stocks in the broader industry are Clearfield, Inc. CLFD and InterDigital, Inc. IDCC, both sporting a Zacks Rank #1 (Strong Buy). 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.
InterDigital pulled off a trailing four-quarter earnings surprise of 536%, on average.
https://finance.yahoo.com/news/t-t-cfo-updates-shareholders-125912587.html
With the recent rise in price from a low of $64 to the current price of $73, wondering what target price will be when the insiders again sell shares, like they did when the price moved smartly to the %83-$85 levels when a number of insiders sold near the highs.
Granted, the current move was the result of a new contract, but that is what fuels rises that insiders wait for.
It happens time and time again; Will wait and see what they do.
JMO
YDCC needs the giant sizes of the FLEX SEAL family of products !
Top posters on the IDCC board:
Member Last Post Posts
mschere 01/01/2009 11:24:13 AM 19517
my3sons87 08/03/2021 04:39:12 AM 19452
revlis 11/05/2015 12:17:50 PM 17940
JimLur 05/25/2021 04:05:34 PM 14341
olddog967 03/24/2021 09:42:17 PM 11957
my2aona87 -- just a stone-s throw away from being the top poster on the board !11
Shhhhh ! up 3rd day in a row ! Hope this is the start of an upward trend.
Looking to dip my toes in LWLG. Down 5th day in a row. Will probably wait a couple more days and then decide whether to move in.
With the pandemic nearly in check, they are touring the country and around the world, visiting every golf course and visiting sites around the world.
InterDigital Announces Date for Second Quarter 2021 Financial Results
Company
Release - 7/12/2021
WILMINGTON, Del., July 12, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company will release its second quarter 2021 financial results before market open on Thursday, August 5, 2021.
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 (866) 269-4260 within the United States or +1 (323) 289-6581 from outside the United States. Please call by 9:50 a.m. ET on August 5th and give the operator conference ID number 8536688.
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 August 5th through 1:00 p.m. ET August 10th. To access the recorded replay, call (888) 203-1112 or +1 (719) 457-0820 and use the replay code 8536688.
I hold my opinion that as the price moved up, followed by insider selling at near the highs was a sign of this decline, as it has been in the past!
Either the insiders are extremely smart or ? ? ?.
JMO
Second Quarter 2021 Earnings Call Thursday, August 5, 2021 10:00 AM ET
I Have come to the conclusion that when the stock price rises of several days and then insiders sell, the daay the f-4's come out is the time to sell.
Seems like the insiders have someone moving the prices up so they can reach a price objective for insideers.
Also, when there are more than 1 insider sells being reported, it could be a further sign of price movement on behalf of insiders.
JMO
InterDigital Issues Expense Guidance for Second Quarter 2021
Company Release - 6/17/2021
WILMINGTON, Del., June 17, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today provided expense guidance for second quarter 2021.
In order to increase focus on core technologies and markets, the company anticipates taking a non-recurring, net charge of approximately $28-$32 million, with approximately two-thirds of the charge expected to be recognized in second quarter 2021 and the remaining one-third expected to be recognized in second half 2021. This charge includes a $12-14 million non-cash impairment associated with a consolidated partially owned subsidiary’s anticipated disposal of assets. Beginning in fourth quarter 2021, the company expects these actions will drive annual operating expense savings of approximately $15 million prior to any reinvestments.
As a result of the above non-recurring, net charge, the company expects total second quarter 2021 operating expenses to be $91-96 million.
InterDigital Debuts 5G Edge Pilot for Industry 4.0 Applications in the UK
Company Release - 6/16/2021
InterDigital 5G edge pilot for Industry 4.0 applications supports bandwidth above 100 Mbps (Downlink)/50Mbps (Uplink) and less than 15ms latency
WILMINGTON, Del., June 16, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced a successful pilot to demonstrate the benefit of 5G edge solutions for Industry 4.0 applications using AWS Wavelength on the Vodafone 5G network.
Vodafone is collaborating with Amazon Web Services, Inc. (AWS) to move 5G data processing to the network edge to minimize latency for use cases that require high speed, ultra-low latency, and maximum bandwidth, such as industry 4.0 applications. Vodafone uses AWS Wavelength to bring AWS infrastructure and services closer to customers across the UK. Using AWS Wavelength at the edge of Vodafone5G networks in the UK, a recent InterDigital pilot recorded an average downstream bandwidth around 50 Mbps and an average end-to-end latency of less than 15 ms, meeting and beating the strict requirements of Industry 4.0 use cases, like augmented robotic telepresence or autonomous zero-defect manufacturing.
Specifically, the InterDigital pilot demonstrated Industry 4.0 applications, such as the detection and disposal of defective products on an assembly line or the remote navigation of a vehicle within a factory. These applications are hosted at the edge due to their low latency requirements and use a 5G network to connect to the various terminal devices, like a robot, camera, or LiDAR. The solution can provide required high bandwidth connectivity in uplink and low latency connectivity in both uplink and downlink.
“Distributed MEC has the capability to revolutionise the way we do business by bringing the cloud closer to the end-user,” said Anne Sheehan, Business Director, Vodafone UK. “By moving computing, storage and management to the edge of the network, we’re unlocking new possibilities for our users. Business applications will be able to respond in real-time, making once-impossible outcomes to reality.”
InterDigital’s pilot proves how Industry 4.0 use cases can be supported and enhanced by 5G and edge solutions. The pilot addresses the challenge in enabling near-real time remote control of factory-side devices based upon instantaneous analytics and decision-making in the digital world at the edge. To support the multiple high bandwidth and low latency data flows streaming from the physical factory to the digital edge, InterDigital’s pilot leveraged AWS Wavelength on the Vodafone5G network to enable ultra-fast computing and reduce transport latency between the network and applications. InterDigital’s solution demonstrates the feasibility and readiness of 5G and edge to support Industry 4.0 use cases and establishes a benchmark of high performance to pave the way for further advancements.
“With our long-time commitment to research and innovation, we take great pride in the success of this pilot and the targeted use cases and applications it will enable in 5G edge environments,” said Henry Tirri, CTO, InterDigital. “Working alongside Vodafone Business and AWS provided a significant collaboration opportunity to address emerging industry challenges and digital opportunities to craft a path forward for 5G edge solutions.”
The InterDigital pilot demonstrates the feasibility of 5G and edge solutions to support challenging low latency requirements of targeted Industry 4.0 use cases, which could not be met with existing cloud solutions. In this pilot, InterDigital has also partnered with Abo Akademi University (Finland) on the Artificial Intelligence-based defect detection application at the Edge and with AVEQ (Austria) on test cases and quality of service measurements of the video uplink streaming from the factory to the edge.
looks like some of the insiders sold some shares.
Perfect timing -- near the top of the range and just before the shorts moved the price down.@!
C'mon Ranger -- push hard for $102.30
Memorial Day is a day for remembrance of those who have died in service to our country.
THANK YOU TO ALL WHO GAVE THEIR LIVES FOR OUR COUNTRY AND OUR FREEDOM
AND THANK YOU TO ALL WHO SERVED !
squinge: I will SPAC-ulate that something SPAC-tacular is about to happen. someone is SP-AC-umulating shares that will rise to all time highs!
SC 13G/A (Amended Statement of Ownership)
vanguard increased holdings from 2,864,498 (9.30%) to 3,315,089 (10.76%) per filing of 5-10-2021.
Here's What InterDigital, Inc.'s (NASDAQ:IDCC) Shareholder Ownership Structure Looks Like
https://finance.yahoo.com/news/heres-interdigital-inc-nasdaq-idcc-074409023.html
Here for a few reasons:
1. don't need the cash to live on and hope that my wife and kids will benefit from a windfall.
2. Dividend isn't bad.
3. Have faith in the engineers who really make this company what it is.
Really disappointed in management for not being able to get paid for what the company has done while taking out tons of money for their own personal gains.
jmo
Maybe a kick in the ARSE ?
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 28, 2021 to shareholders of record at the close of business on April 14, 2021.
Sidoti Virtual Investor Conference
Event Details:
Event Date:Thursday, March 25, 2021 10:00 AM ET
Webcast URL:https://sidoti.zoom.us/webinar/register/WN_4uXRQbCrQ3youj9Rg3K98g
vegas:
From the IDC website of Press Releases on financial Results:
First quarter 2020 recurring revenue was $75.5 million, compared to recurring revenue of $74.2 million in first quarter 2019.
Second quarter 2020 recurring revenue was $85.2 million, compared to recurring revenue of $74.4 million in second quarter 2019
Third quarter 2020 recurring revenue was $87.0 million, compared to recurring revenue of $72.1 million in third quarter 2019,
(Fourth Quarter 2020) Recurring revenue was $89.1 million, compared to $77.5 million in fourth quarter 2019
The company expects first quarter 2021 total revenue to be between $77 million and $81 million
The company is looking forward and if a license expires and is not renewed, it would not include revenues in the projected figures.
They could also be reducing the revenues by an amount that they would potentially be owing to another venture 9IE: nET REVNUES)
Unfortunately, the company provides very minimal information as to what makes up their financial projections that would easily clarify what they see for the quarter.
Interesting developments:
from the recent financial results for 2020: ' ...one-time charges of approximately $10.0 million, primarily related to a non-cash charge for on-going patent portfolio management.'
from today's press release: ..."Mr. Merritt has agreed to provide certain consulting services in order to facilitate an orderly transition.:
Any clues about wht this means?
Nobody remaining at IDC who can fill in the new guy on all the ropes?
Maybe we will have another 'strategic review' of Interdigital and options for its future!
JMO
Jim - my sympathy on the loss of someone so important.
Thank God for the 65+ years of memories which will live on forever!
God Bless !
Thank you olddog967. Still in all, the performance in terms of revenues for the past 5 years are disappointing IMO.
I wish they would look at strategic alternatives for the company or catch a break with their licensing and show a turnaround.
Again, thanks for your excellent reserch and recall of events.
So, DN, Why does Hillcrest Labs come to mind as a bust? Was i correct or off base on this one?
Had too much to worry about with Covid but....
Why does Hillcrest Labs come to mind as a bust? I am sure there are others.
What about all of the collaborations IDCC got involved in to share information about the future development of the "g's" ? Some of these cost IDCC money.
Unfortunately, I don't have the financials to go back to and see what write-offs were taken, but I am sure that their track record was not the greatest.
Frankly, I have given up on IDCC. I don't even listen to the conference calls any more as they are all B.S.
I still hold thousands of shares at a cost below $6. i just collect the dividends each quarter and put them into savings. My kids will benefit from the stocks we own when we depart this life. It should make their lives better. If IDCC is bought out, it would force me to take the cash, pay taxes, and move on.
Seems to me that they either give money away via grants to organizations like schools or collaborations or buy indto something that is on shaky grounds and eventually lose their shirts on these investments.
I can't recall names of investments in companies that went south, but I am sure there were several.
Maybe you can come up with names of their axquisitions and whether they are winners or losers to our bottom line.
TIA
...possible M&A opportunities.
OH NO ! Here they go, throwing good money after bad money by investing in other companies.
As to the MERGERS line, sell out to a big one.
As to the ACQUISITIONS, just give the money to shareholders to acquire their confidence in the company.
Don's "PI$$" away our cash. Pay OFF THE DEBT AND DISTRIBUTE EXCESS CASH TO SHARHOLDERS.
JMO
Loop, what kind of relationship is it? Did the COB use B Riley at a previous Company to do some work? Or is it some kind of 'family relationship' between the COB and someone at B Riley that continues?
Could this be the year bm 'retires'?
It is about time someone ele took over the reigns. The 'bar' keeps moving down, not up.
jmo
What were the revenue goals set a few years back? $800 million? $600 million? $500 million?
What have our revenue results been over tha last 5 years? Anybody?