InterDigital Inc (IDCC)

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InterDigital Issues Revenue Guidance for Second Quarter 2015

WILMINGTON, Del., May 11, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq:IDCC), a mobile technology research and development company, today announced that it expects its total second quarter 2014 revenue to be between $89 million and $91 million.

"We are very pleased to announce that we expect to record total revenue in the range of $89 million to $91 million in second quarter 2015, comprised almost entirely of recurring revenue," noted Richard J. Brezski, Chief Financial Officer. "As expected, our guidance is below the record level of recurring revenue we reported for first quarter 2015, when we benefited from the first full quarter of royalties on major product introductions in late 2014."

This revenue guidance is based primarily on royalty reports received 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 second quarter 2015.

http://ir.interdigital.com/releasedetail.cfm?ReleaseID=912407