InterDigital Q1 revenue doubles to $202.4M, EPS $3.58 on Lenovo/Samsung settlements

InterDigital, Inc.

2023-Q1 EPS reported $3.58 revenue$202,373,000

Total revenue $202.4M (+100% YoY); recurring revenue $101.6M (+2%).
Net income $105.3M (+485%); GAAP diluted EPS $3.58 (+517%).
Non-GAAP adjusted EBITDA $154.8M (+179%); margin 76% vs 55%.
Repurchased 2.7M shares via Dutch auction for $199.9M; additional $24.7M in April.
Q2 2023 guidance: revenue $100-104M, GAAP EPS $0.60-0.70, non-GAAP EPS $1.19-1.29.

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 March 31, 2023 results: revenue $202.4 million, net income $105.3 million, EPS $3.58. Guidance initiated.

Period: the quarter ended March 31, 2023
Revenue: $202.4 million
Net income: $105.3 million
EPS: $3.58
Guidance: initiated
Result: reported results

Exact text from the filing

2023 and provide a strong recurring revenue base well into the future." First Quarter 2023 Financial Highlights, as compared to First Quarter 2022: GAAP • Total revenue was $202.4 million and increased 100%. The increase was driven by the recent Lenovo judgement. • Recurring revenue was $101.6 million and increased 2%. • Operating expenses were $83.1 million and

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Source: SEC EDGAR

accession 0001405495-23-000019

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