InterDigital Q3 recurring revenue up 8%; Apple renewal through 2029; $1.5B in contracts

InterDigital, Inc.

2022-Q3 EPS reported $2.00 revenue$340,739,000

Q3 total revenue $114.8M (-20% YoY); recurring revenue $101.0M (+8% YoY).
Net income $22.2M ($0.74 diluted EPS) vs $26.2M ($0.83) in Q3 2021.
Apple license renewed through 2029; 16 agreements signed in 18 months with total estimated contract value >$1.5B.
Q4 recurring revenue guidance $98-102M; operating expenses $76-79M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

InterDigital, Inc. reported the quarter ended September 30, 2022 results: revenue $114.8 million, net income $22.2 million, EPS $0.74 per diluted share. Guidance reaffirmed.

Period: the quarter ended September 30, 2022
Revenue: $114.8 million
Net income: $22.2 million
EPS: $0.74 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

opportunities in licensing both devices and services.” Third Quarter 2022 Financial Highlights • Total revenue, which includes both recurring and non-recurring revenue, of $114.8 million decreased 20% from $143.5 million in third quarter 2021 primarily due to $50.1 million of non-recurring revenues in third quarter 2021. • Recurring revenue increased 8% to $101.0

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Source: SEC EDGAR

accession 0001405495-22-000044

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