BN 09/08 12:30 *INTERDIGITAL SEES 3Q REV. $80M TO $85M, EST. $73.9M (2 ESTS)
BN 09/08 12:30 *INTERDIGITAL ISSUES REV GUIDANCE FOR 3Q 2016
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InterDigital Issues Revenue Guidance for Third Quarter 2016
2016-09-08 12:30:00.728 GMT
InterDigital Issues Revenue Guidance for Third Quarter 2016
WILMINGTON, Del., Sept. 08, 2016 (GLOBE NEWSWIRE) -- InterDigital, Inc.
(NASDAQ:IDCC), a mobile technology research and development company, today
announced that it expects its total third quarter 2016 revenue to be between
$200 million and $225 million.
“We expect third quarter recurring revenues to be in the range of $80 million
to $85 million and past sales to be between roughly $120 million and $140
million,” noted Richard J. Brezski, Chief Financial Officer, InterDigital.
“This revenue guidance reflects sequentially lower per-unit royalties from
certain Taiwanese licensees driven by the timing of anticipated new product
introductions, offset by a higher fixed-fee royalty component based on the
estimated impact of patent license agreements signed during the quarter.”
The guidance is based on preliminary accounting results that are subject to
review and finalization. In addition, this revenue guidance is based primarily
on royalty reports received to date, and does not include the potential impact
of any other 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 2016.
