InterDigital (IDCC) Tops Q2 EPS Views
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InterDigital Announces Financial Results for Second Quarter 2016
August 2, 2016 8:31 AM EDTWILMINGTON, Del., Aug. 02, 2016 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced results for the second quarter ended June 30, 2016.
Second Quarter 2016 Financial Highlights
Second quarter 2016 total revenue was $75.9 million, compared to $118.6 million in second quarter 2015. Second quarter 2015 included $27.3 million of past patent royalties.Second quarter 2016 recurring revenue was $74.6 million, consisting of current patent royalties and current technology solutions revenue, compared to $91.2 million in second quarter 2015. This decrease in recurring revenue was primarily attributable to seasonality in shipments by certain of our... More