InterDigital (IDCC) Misses Q4 EPS by 47c

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Go back to InterDigital (IDCC) Misses Q4 EPS by 47c

InterDigital Reports Fourth Quarter and Full Year 2017 Financial Results

February 22, 2018 8:30 AM EST

WILMINGTON, Del., Feb. 22, 2018 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced results for the fourth quarter and full year ended December 31, 2017.

Fourth Quarter 2017 Financial Highlights

Fourth quarter 2017 recurring revenue increased 6% to $99.1 million, compared to $93.6 million in fourth quarter 2016, primarily driven by an increase in fixed-fee revenue due to the patent license agreement with LG Electronics, Inc. signed during fourth quarter 2017 (the "LG PLA").  Recurring revenue consists of current patent royalties and current technology solutions revenue.Fourth quarter 2017 total revenue was... More