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 ...

Core Points - InterDigital, Inc. will host an Investor Day on September 10, 2024, at 9:00 a.m. ET in New York City [1] - The event will include presentations from senior management covering company vision, growth strategy, innovation, licensing, and financial overview, followed by a Q&A session [2] - Attendance requires pre-registration, with options for both in-person and virtual participation, and a replay will be available post-event [3] Company Overview - InterDigital is a global R&D company focused on wireless, video, AI, and related technologies, providing foundational technologies for connected experiences in various products and services [4] - The company licenses innovations to manufacturers of wireless devices, consumer electronics, IoT devices, and cloud-based service providers, and is a leader in wireless technology and video processing [4] - Founded in 1972, InterDigital is listed on Nasdaq and has a significant AI research effort that intersects with wireless and video technologies [4]

Core Points - InterDigital, Inc. will host an Investor Day on September 10, 2024, at 9:00 a.m. ET in New York City [1] - The event will include presentations from senior management covering company vision, growth strategy, innovation, licensing, and financial overview, followed by a Q&A session [2] - Attendance requires pre-registration, with options for both in-person and virtual participation, and a replay will be available post-event [3] Company Overview - InterDigital is a global R&D company focused on wireless, video, AI, and related technologies, providing foundational technologies for connected experiences in various products and services [4] - The company licenses innovations to manufacturers of wireless devices, consumer electronics, IoT devices, and cloud-based service providers, and is a leader in wireless technology and video processing [4] - Founded in 1972, InterDigital is listed on Nasdaq and has a significant AI research effort that intersects with wireless and video technologies [4]

WILMINGTON, Del., Aug. 01, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended June 30, 2024. "Our performance in the second quarter far exceeded the outlook and highlights how we continue to execute on our strategy and strengthen our innovation pipeline to support long-term growth," commented Liren Chen, CEO and President, InterDigital. "Given our all-time record revenue for the first ...

Core Insights - InterDigital, Inc. reported a significant increase in revenue and net income for the second quarter of 2024, exceeding expectations and prompting an upward revision of its full-year revenue guidance by $70 million to a range of $690 million to $740 million [2][3]. Financial Performance - Revenues for Q2 2024 reached $223.5 million, a 120% increase compared to $101.6 million in Q2 2023 [3]. - Operating expenses increased by 15% to $89.6 million from $78.2 million year-over-year [3]. - Net income surged to $109.7 million, up 403% from $21.8 million in the same quarter last year, resulting in a net income margin of 49% [3]. - Diluted EPS rose to $3.93, a 397% increase from $0.79 in Q2 2023 [3]. Revenue Breakdown - Recurring revenues slightly decreased by 3% to $95.9 million, while catch-up revenues skyrocketed by 4,966% to $127.6 million [3]. - Revenue from smartphones was $199.2 million, up 125% from $88.6 million, while revenues from CE, IoT/Auto increased by 91% to $23.7 million [3]. Return of Capital - In Q2 2024, the company returned $45.2 million to shareholders through share repurchases valued at $35.1 million and dividends declared at $0.40 per share totaling $10.1 million [4]. Outlook - The company provided an optimistic outlook for Q3 2024, projecting revenues between $94 million and $98 million, and raised its full-year 2024 revenue guidance to $690 million to $740 million [5][6]. Conference Call - InterDigital will host a conference call on August 1, 2024, to discuss its financial performance and other company matters [7][8]. Company Overview - InterDigital is a global R&D company focused on wireless, video, AI, and related technologies, licensing innovations to various sectors including wireless communications, consumer electronics, and cloud-based services [9].