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].

Core Insights - InterDigital, Inc. has signed a new license agreement with Panasonic, covering its 4G and 5G cellular, HEVC video, and WiFi patents [1][2]. Company Overview - InterDigital is a global research and development company focused on wireless, video, artificial intelligence, and related technologies, enabling connected experiences in various communications and entertainment products [2]. - The company designs and develops foundational technologies for wireless communications devices, consumer electronics, IoT devices, and cloud-based services, including video streaming [2]. - Founded in 1972, InterDigital is listed on Nasdaq and is recognized as a leader in wireless technology and video processing [2].

InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company performance. About InterDigital® InterDigital Contact: investor.relations@interdigital.com +1 (302) 300-1857 For a live webcast of the conference call visit www.interdigital.com and click on the "Webcast" link on the Investors page. The company encourages participants to take advantage of the webcast option. InterDigital is a global research and development company focused primarily on wi ...

Core Insights - The UK Court of Appeal ruled in favor of InterDigital in its FRAND licensing case against Lenovo, confirming that Lenovo must pay for its use of InterDigital's cellular SEP patents [6] - The ruling increases the total amount Lenovo owes to InterDigital to approximately $240 million, which includes an additional payment of over $55 million for past sales dating back to 2007 [6] - InterDigital emphasizes the importance of this decision in balancing the interests of innovators and implementers, making it more difficult for companies like Lenovo to delay licensing agreements [4][6] Company Overview - InterDigital, Inc. is a global research and development company focused on wireless, video, AI, and related technologies, providing foundational technologies for connected devices [7] - The company has a long history, founded in 1972, and is listed on Nasdaq, with a strong emphasis on licensing its innovations to various industries including wireless communications, consumer electronics, and cloud-based services [7]

Core Insights - The UK Court of Appeal ruled in favor of InterDigital in its FRAND licensing case against Lenovo, confirming that Lenovo must pay for its use of InterDigital's cellular SEP patents [1][4] - The ruling includes an increase in the licensing fees Lenovo must pay, totaling approximately $240 million for past sales since 2007, with an additional amount of over $55 million due [4] Company Overview - InterDigital, Inc. is a mobile, video, and AI technology research and development company, focusing on wireless, video, and AI technologies [2] - The company designs foundational technologies that enable connected experiences across various communication and entertainment products, licensing innovations to manufacturers of wireless devices, consumer electronics, IoT devices, and cloud-based services [2] Legal Context - The decision by the Court of Appeal is seen as a significant step towards balancing the interests of innovators and implementers, making it more challenging for companies like Lenovo to delay licensing agreements [2] - Lenovo has been unlicensed to InterDigital's cellular portfolio since the beginning of 2024, and InterDigital is committed to reaching a fair compensation agreement for its patented technologies [2]

Core Insights - InterDigital, Inc. has signed a new license agreement with Google, highlighting the significance of its technologies across various consumer devices [1][2] - The agreement encompasses licensing for devices such as Pixel smartphones, Fitbit wearables, and other consumer electronics, covering InterDigital's patented technologies in cellular wireless, Wi-Fi, and HEVC video [3] Company Overview - InterDigital is a global research and development company focused on wireless, video, artificial intelligence, and related technologies, enabling connected experiences in communications and entertainment products [6] - The company has a history of innovation in wireless technology, from early digital cellular systems to advanced 5G and Wi-Fi technologies, and is also a leader in video processing and encoding/decoding technology [6] - Founded in 1972, InterDigital is listed on Nasdaq and licenses its innovations to various sectors, including wireless communications, consumer electronics, IoT devices, and cloud-based services [6]

Core Insights - InterDigital, Inc. has signed a new license agreement with Google, highlighting the significance of its technologies across various consumer devices [1][2] - The agreement encompasses licensing for devices such as Pixel smartphones, Fitbit wearables, and other consumer electronics, specifically for InterDigital's patented technologies in cellular wireless, Wi-Fi, and HEVC video [4] Company Overview - InterDigital is a global research and development company established in 1972, focusing on wireless, video, artificial intelligence, and related technologies [2] - The company designs foundational technologies that facilitate connected and immersive experiences in communications and entertainment products, licensing innovations to manufacturers of wireless devices, consumer electronics, IoT devices, and cloud-based service providers [2] Technology Leadership - InterDigital is recognized as a leader in wireless technology, having developed innovations from early digital cellular systems to advanced 5G and Wi-Fi technologies [2] - The company also excels in video processing and encoding/decoding technologies, with a significant emphasis on AI research that intersects with both wireless and video domains [2]