InterDigital Inc (IDCC)

[FISH21049]

InterDigital Issues Guidance For Second Quarter 2019
GlobeNewswire• May 28, 2019

WILMINGTON, Del., May 28, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (IDCC), a mobile technology research and development company, today provided revenue guidance for second quarter 2019.

The company expects total second quarter 2019 revenue to be between $73 million and $77 million, which includes less than $1 million in past sales. 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 second quarter 2019.

As previously announced, the company expects to close the pending acquisition of Technicolor’s R&I team at the end of this month. The company expects its second quarter 2019 operating expenses to be approximately $3 million to $5 million above first quarter 2019, with the increase being driven entirely by one-time integration costs and recurring expenses associated with the acquisition of the R&I team.

Furthermore, the company estimates that it will recognize a one-time non-operating gain between $5 million and $10 million associated with this transaction during second quarter 2019.

All of the above expectations surrounding the pending acquisition are based on estimates and preliminary accounting conclusions.