WILMINGTON, Del., Sept. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, has announced targets of $1 billion in annual recurring revenue and $600 million in adjusted EBITDA by 2030. "In the past four years, we have almost doubled our revenue, improved our execution across the business, and taken multiple steps to enhance shareholder value," noted Liren Chen, President and CEO, InterDigital. "Based on our world-class innovatio ...

WILMINGTON, Del., Sept. 10, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that its Board of Directors has approved an increase in the company's quarterly cash dividend from $0.40 to $0.45 per share. The increase in the regular quarterly dividend will take effect beginning with the dividend paid in fourth quarter 2024. The Board of Directors also declared a regular quarterly cash dividend of $0.45 per share on i ...

WILMINGTON, Del., Sept. 09, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, announced its return to the 6GSymposium alongside partners Northeastern University Institute for the Wireless Internet of Things, Next G Alliance, and host 6GWorld. InterDigital is a founding partner of the 6GSymposium, which is now in its fifth year. The 2024 Fall Symposium focuses on "Crucial Conversations" and invites leaders in technology, policy, an ...

InterDigital, Inc. (IDCC) recently announced that it will demonstrate its leading-edge Video innovations, such as Advanced HDR by Technicolor and the V3C (Video Based Coding) Immersive Platform, at the International Broadcasting Convention (IBC) 2024. The IBC 2024 is set to take place in Amsterdam from Sep. 13-16. The company is set to display its MPEG Visual Volumetric V3C Immersive Platform, a collaborative innovation of IDCC and Philips. The solution enables visualization, testing, and demonstration of v ...

WILMINGTON, Del., Aug. 29, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, will showcase state-of-the-art video innovation at the International Broadcasting Convention (IBC), taking place in Amsterdam from September 13 – 16. InterDigital will demonstrate at IBC alongside partners at the Ultra HD Forum, IABM lounge, and 5G-MAG Insights Tech Conference to amplify the impact of immersive video codecs and implementations of Advanced ...

WILMINGTON, Del., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Haptics, or the sense of touch, is increasingly being incorporated into the connected experience to enhance communications, services, and entertainment, and was spotlighted in a new white paper commissioned by mobile, video and AI technology research and development company InterDigital, Inc. (Nasdaq: IDCC) and written by market research firm Futuresource. The report reveals how, for the first time, haptics is being considered as a first order media type, ...

Ake Puttisarn/iStock via Getty Images InterDigital Inc. (NASDAQ:IDCC) is a midcap stock whose most recent upside coincided with the weakness suffered by the Invesco QQQ Trust ETF (QQQ) as shown in the chart below. While it is true that the company's upbeat financial results for the second quarter of 2024 (FQ2) released on August 1 did help, the fact that it was not impacted by the general volatility engulfing tech names suggests strength. Comparing recent performance with the tech-heavy QQQ (seekingalpha.co ...

InterDigital, Inc. (IDCC) reported strong second-quarter 2024 results, beating the top-line and bottom-line estimates and well exceeding its guided range. The company generated higher revenues year over year, driven by solid licensing momentum and product innovation. IDCC is also advancing its leadership position in AI applications for wireless and video technology. Net Income Quarterly net income was $109.66 million or $3.93 per share, up from $21.8 million or 79 cents per share in the year-earlier quarter ...

InterDigital (IDCC) came out with quarterly earnings of $4.57 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 517.57%. A quarter ago, it was expected that this wireless research and development company would post earnings of $3.37 per share when it actually produced earnings of $3.58, delivering a surprise of 6.23%. Over the ...

WILMINGTON, Del., Aug. 01, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that the company will host an Investor Day on Tuesday, September 10, 2024, at 9:00 a.m. ET at the Jay Conference Center Bryant Park in New York City. The event will feature presentations by members of the senior management team, including President and Chief Executive Officer Liren Chen, Chief Technology Officer Rajesh Pankaj, Chief Licens ...