InterDigital Q2 revenue falls 19%; UK court awards $184.9M Lenovo license boost

InterDigital, Inc.

2023-Q2 EPS reported $4.46 revenue$303,964,000

Q2 revenue $101.6M (-19% YoY); recurring revenue $99.1M (-1%).
GAAP net income $21.8M, diluted EPS $0.79 (+14%).
UK High Court increased Lenovo license award to $184.9M; cash balance ~$1B.
Q3 guidance: revenue $97-100M, Adj. EBITDA $47-50M, non-GAAP EPS $1.10-$1.20.
Repurchased $42.5M in shares during Q2; maintains strong capital return program.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

InterDigital, Inc. reported the quarter ended June 30, 2023 results: revenue $101.6 million, net income $21.8 million, EPS $0.79.

Period: the quarter ended June 30, 2023
Revenue: $101.6 million
Net income: $21.8 million
EPS: $0.79
Result: reported results

Exact text from the filing

our recent progress and deliver considerable value to our shareholders." Second Quarter 2023 Financial Highlights, as compared to Second Quarter 2022: GAAP • Total revenue was $101.6 million. This was 19% lower due to catch-up revenues that were recognized in second quarter 2022 from two previously announced license agreements. • Recurring revenue was $99.1 million

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Source: SEC EDGAR

accession 0001405495-23-000034

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