InterDigital Inc (IDCC)

[Gamco]

InterDigital Non-GAAP EPS of $1.30, revenue of $101.6M

Aug. 03, 2023 8:35 AM ETInterDigital, Inc. (IDCC)By: Manshi Mamtora, CFA

InterDigital press release (NASDAQ:IDCC): Q2 Non-GAAP EPS of $1.30.

Revenue of $101.6M (-18.5% Y/Y).

Recurring revenue was $99.1 million and decreased 1%.

Operating expenses were $78.2 million and increased 5% due primarily to higher research and portfolio development costs.

Non-operating income1 was $2.2 million, as compared to non-operating expense1 of $21.3 million, driven primarily by our 2022 debt refinancing.

Net income2 was $21.8 million and increased 3%; net income2 margin was 21%.