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Tuesday, June 02, 2015 1:24:58 PM
Bill Merritt, [7]
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In terms of our overall revenue guidance, we've done a really good job over the last couple years of growing that. So we were actually at $200 million a couple of years ago. Beginning of this year, we were -- end last year, we were in the 300-ish range; we were up around $350 million in the first quarter. And we upped the guidance today to $400 million.
It's not really guidance. What it is, is if you think about -- we have about 50% of the market under license. And if you take that collection of license agreements that -- this is what would you expect that to deliver on an annual basis in revenue from that group. So it doesn't include things like past sales. That would be on top, doesn't -- it excludes things like seasonality. So if you had a product launch or something, that would drive things higher. It just gives the people a sense of what that revenue base is. But it's come a -- we've done a great job. It's come a long way, and we are well on our way towards what we think is a very strong goal for that business.
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Brian Prohm, [8]
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So it's not -- is it -- it's not $400 million specific, but it's a sort of a long view over a period of time, based on product cycles and performance of certain models.
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Bill Merritt, [9]
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Yes. It's almost like an average run rate.
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Brian Prohm, [10]
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Right, understood. That was exactly what I was looking at.
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Rich Brezski, [11]
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It's not our guidance for 2015. It's not indicative of what we expect for any one quarter in terms of revenue or cash flow. It's really how we view the size and health of the business from our existing base of licensees.
http://finance.yahoo.com/news/preliminary-transcript-idcc-presentation-28-073000675.html
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