InterDigital Inc (IDCC)

[FISH21049]

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.