8-K
filed February 15, 2023, 6:59 PM ET
ticker IDCC
CIK 0001405495
earnings
confidence high
sentiment positive
materiality 0.85
InterDigital Q4 EPS $1.08 (+54% YoY); FY2022 record recurring revenue $403.9M (+15%)
InterDigital, Inc.
2022-FY EPS reported
$3.07
revenue$457,794,000
- Q4 2022 total revenue $117.1M (+5% YoY); net income $32.4M (+48%), diluted EPS $1.08 (+54%).
- FY2022 total revenue $457.8M (+8%); recurring revenue $403.9M (+15%); CE/IoT/Auto revenue $103.5M (+51%).
- FY2022 adjusted EBITDA $254.5M (+22%); net income $93.7M (+69%), diluted EPS $3.07 (+73%).
- Q1 2023 outlook: recurring revenue $94-98M; operating expenses $75-79M; effective tax rate ~25%.
- CEO cites record results, Samsung binding arbitration for new license, and momentum in CE/IoT/Auto.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
InterDigital, Inc. reported Full Year 2022 results: revenue $457.8 million, net income $93.7 million, EPS $3.07. Guidance initiated.
- Period
- Full Year 2022
- Revenue
- $457.8 million
- Net income
- $93.7 million
- EPS
- $3.07
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Full Year 2022 Financial Highlights, as compared to Full Year 2021: • Total revenue was $457.8 million and increased 8%. Total Smartphone revenue of $353.2 million was flat, while CE, IoT/Auto revenue was $103.5 million and increased 51%. • Recurring revenue was $403.9 million and increased 15%. Smartphone recurring revenue was $351.1 million, and increased 11%, and CE, IoT/Auto recurring revenue was $51.7 million and increased 63%. • Operating expenses were $307.3 million and decreased 13%. The decrease was primarily driven by cost-savings actions the company initiated in 2021 and reduction of the related non-recurring costs. • Net income 1 was $93.7 million and increased 69%. • Diluted earnings per share was $3.07 and increased 73%.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
InterDigital, Inc. reported Fourth Quarter 2022 results: revenue $117.1 million, net income $32.4 million, EPS $1.08. Guidance initiated.
- Period
- Fourth Quarter 2022
- Revenue
- $117.1 million
- Net income
- $32.4 million
- EPS
- $1.08
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Fourth Quarter 2022 Financial Highlights, as compared to Fourth Quarter 2021: • Total revenue was $117.1 million and increased 5%. • Recurring revenue was $103.6 million and increased 2%. • Operating expenses were $78.5 million and decreased 9%. The decrease was primarily driven by a reduction of non-recurring costs from restructuring activities. • Net income 1 was $32.4 million and increased 48%. • Diluted earnings per share was $1.08 and increased 54%.
View on SEC.gov
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