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InterDigital Raises First Quarter Outlook
GlobeNewswire· 2025-03-06 13:30
Core Viewpoint - InterDigital, Inc. has signed a new multi-year, worldwide, non-exclusive, royalty-bearing license agreement with a major Chinese smartphone vendor, leading to an increased outlook for the first quarter of 2025 [1][2]. Financial Outlook - The revised first quarter 2025 outlook includes an increase in annualized recurring revenue (ARR) by $40 million to approximately $500 million [2]. - Current revenue expectations for the first quarter are projected to be between $202 million and $206 million, compared to the prior estimate of $112 million to $116 million [4]. - Adjusted EBITDA is expected to be between $143 million and $150 million, up from the previous range of $53 million to $60 million [4]. - Diluted EPS is now forecasted to be between $2.78 and $2.99, significantly higher than the prior estimate of $0.58 to $0.79 [4]. - Non-GAAP EPS is projected to be between $3.66 and $3.90, compared to the previous range of $1.19 to $1.42 [4]. Market Position - InterDigital now holds licenses with seven of the ten largest smartphone vendors, covering nearly 80% of the global smartphone market [2]. - The new agreement reflects the growing value of InterDigital's technology and the increasing momentum of its business [2]. Company Overview - InterDigital is a global research and development company focused on wireless, video, AI, and related technologies, providing foundational technologies for various communication and entertainment products [5]. - The company has a history of innovation in wireless technology, from early digital cellular systems to advanced 5G and Wi-Fi technologies [5].
InterDigital Honors Innovation Leaders Martino Freda and Philippe Bordes as 2025 Inventors of the Year
GlobeNewswire· 2025-02-26 21:30
Core Insights - InterDigital, Inc. has awarded the 2025 Inventor of the Year award to Martino Freda and Philippe Bordes for their significant contributions to wireless communication and video delivery technologies [1][2][3] Group 1: Innovations and Contributions - Martino Freda's patented innovations have enhanced communication efficiencies in 4G, 5G, and potential 6G networks, improving device-to-device communications and relay protocols [2][5] - Philippe Bordes has made substantial advancements in video codecs, including the High Efficiency Video Codec (HEVC) and Versatile Video Codec (VVC), which have improved video quality and compression efficiency [2][6][7] Group 2: Company Overview - InterDigital is a global research and development company focused on wireless, video, and AI technologies, providing foundational technologies for connected experiences across various industries [8][9] - The company licenses its innovations to a wide range of industries, including wireless communications, consumer electronics, IoT devices, and cloud-based services [9]
Can InterDigital Garner Customer Interests With Innovative Solutions?
ZACKS· 2025-02-19 18:35
Core Insights - InterDigital, Inc. (IDCC) will showcase advanced solutions at Mobile World Congress 2025, focusing on 6G technology and its potential to transform communication and media delivery [1] - The company aims to enhance immersive sports entertainment through innovations in XR spatial experiences, delivering high-quality 2D HDR video, haptic feedback, and volumetric video [2] - InterDigital's Pixel Value Reduction solution will address energy consumption in mobile devices, utilizing AI to save energy while maintaining video quality [3] - The company will demonstrate Integrated Sensing and Communication (ISAC) technology, showcasing its application in autonomous navigation within smart factory environments [4] - A collaboration with Keysight will highlight a sensing solution that improves accuracy in dynamic environments using AI and existing 3GPP signals [5] - Split squeeze computing will be presented as a method to optimize AI applications by balancing latency, bandwidth, power consumption, and accuracy [6] - InterDigital's strategy focuses on becoming a leader in technology solutions for the mobile industry and IoT, leveraging its R&D capabilities and diverse product portfolio [7] - The company's innovations are expected to drive demand for its solutions, leading to increased revenues and improved financial performance [9] - IDCC shares have increased by 93.5% over the past year, outperforming the industry growth of 28.5% [10]
InterDigital Surges 83% in the Past Year: Time to Buy IDCC Stock?
ZACKS· 2025-02-18 14:55
Shares of InterDigital, Inc. (IDCC) have soared 82.8% over the past year, driven by improved market demand across its portfolio on the back of a flexible business model and solid cash flow. Earnings estimates for the current fiscal have increased 49.3% over the past year, implying robust inherent growth potential. With healthy fundamentals, this Zacks Rank #1 (Strong Buy) stock appears to be a solid investment option at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.Image Sou ...
InterDigital and Keysight to Demonstrate Dynamic AI-Enabled Sensing at Mobile World Congress 2025
GlobeNewswire· 2025-02-18 09:05
Core Insights - InterDigital and Keysight Technologies will demonstrate AI-enabled sensing capabilities at Mobile World Congress (MWC) 2025, showcasing how AI enhances sensing accuracy in dynamic environments [1][3] - The anticipated hallmark technologies of 6G include the integration of sensing and communication (ISAC) and the pervasive use of AI to manage and predict various network issues [2] Company Overview - InterDigital is a global research and development company focused on wireless, video, and AI technologies, providing foundational technologies for connected and immersive experiences across various communication and entertainment products [6] - The company has a long history of innovation in wireless technology, having developed technologies used in digital cellular systems, 5G, and advanced Wi-Fi [6] Collaboration and Projects - The partnership between InterDigital and Keysight aims to validate robust AI solutions for wireless networks, highlighting the potential of 6G to create smarter networks [4] - The demonstration includes technology developed as part of the CENTRIC and 6G-SANDBOX projects, which are funded by the European Union's Horizon Europe research and innovation program [4]
At MWC, InterDigital to Showcase Innovations and AI Applications Driving Network Evolution and the Growth of Media Delivered over Wireless
Newsfilter· 2025-02-18 09:00
WILMINGTON, Del., Feb. 18, 2025 (GLOBE NEWSWIRE) -- InterDigital innovation in wireless, video, and AI plays an important role in empowering new network capabilities and diverse video experiences. At Mobile World Congress 2025, InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, will showcase innovations and collaborations that are enhancing and improving the ways we communicate and consume media. Located at Hall 5 Stand 5C51, InterDigital will showcase cutt ...
Why InterDigital (IDCC) Might be Well Poised for a Surge
ZACKS· 2025-02-12 18:20
InterDigital (IDCC) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this wireless research and development company, should get reflected in its stock price. After all, empirical research shows a s ...
InterDigital(IDCC) - 2024 Q4 - Earnings Call Transcript
2025-02-06 20:02
InterDigital, Inc. (NASDAQ:IDCC) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Raiford Garrabrant - Head, Investor Relations Liren Chen - President & Chief Executive Officer Rich Brezski - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Capital Partners Arjun Bhatia - William Blair Tal Liani - Bank of America Anja Soderstrom - Sidoti Operator Good day, and thank you for standing by. Welcome to the InterDigital Fourth Quarter 2024 Earnings Confere ...
IDCC Q4 Earnings Fall Short of Estimates Despite Solid Revenue Growth
ZACKS· 2025-02-06 18:11
InterDigital, Inc. (IDCC) reported mixed fourth-quarter 2024 results, with the top line beating the Zacks Consensus Estimate but the bottom line missing the same. 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 (artificial intelligence) applications for wireless and video technology.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net IncomeQuarterly net income increase ...
InterDigital(IDCC) - 2024 Q4 - Earnings Call Presentation
2025-02-06 18:03
Fourth Quarter 2024 Results February 6, 2025 INNOVATING TODAY EMPOWERING TOMORROW TM Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Exchange Act. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation, the matters set forth below. Words such as "believe," "anticipate," "estimate," "expect," "project," "intend," "plan," "forecast," "goal," "could," "would," ...