InterDigital Q2 revenue $124.7M (+42% YoY), net income $21.1M, adj. EBITDA up 119%

InterDigital, Inc.

2022-Q2 EPS reported $1.26 revenue$225,975,000

Revenue $124.7M, up 42% from $87.7M in Q2 2021; recurring revenue $100.1M.
Net income $21.1M ($0.69 diluted EPS) vs $1.6M ($0.05) year ago, including $11.2M refinancing charge.
Adjusted EBITDA $77.8M, up 119% from $35.6M; operating income $49.9M vs loss $3.1M.
Two new patent license agreements signed in Q2 drove record revenue from consumer electronics, auto, IoT.
Q3 recurring revenue guidance $96-100M; operating expenses expected $76-80M.

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