InterDigital FY23 revenue up 20% to $549.6M, net income $214.1M; guides FY24 rev $620-670M

InterDigital, Inc.

2023-FY EPS reported $7.62 revenue$549,588,000

FY23 GAAP EPS $7.62 vs. $3.07 in FY22; non-GAAP EPS $9.23 vs. $5.08.
Record return of capital of $379M in FY23, including $339.7M in share repurchases.
Q4 revenue $105.5M, down 10% YoY; Q4 GAAP EPS $1.41 vs. $1.08.
Landmark Samsung TV video IP license signed; revenue expected in FY24 guidance.
FY24 revenue guidance $620-670M; Q1 2024 revenue outlook $245-255M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

InterDigital, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $105.5, net income $39.1, EPS $1.41. Guidance initiated.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $105.5
Net income: $39.1
EPS: $1.41
Guidance: initiated
Result: reported results

Exact text from the filing

Year 2023 Results Three Months Ended December 31, Twelve Months Ended December 31, (in millions, except per share data) 2023 2022 Change 2023 2022 Change GAAP Results: Revenues $105.5 $117.1 (10)% $549.6 $457.8 20% Operating Expenses $80.2 $78.5 2% $328.0 $307.3 7% Net income 1 $39.1 $32.4 21% $214.1 $93.7 128% Net income 1 margin 37% 28% 9 ppt 39% 20% 19 ppt

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Source: SEC EDGAR

accession 0001405495-24-000051

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