InterDigital Reports Fourth Quarter and Full Year 2019 Financial Results
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InterDigital (IDCC) Tops Q4 EPS by 17c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus
February 20, 2020 8:34 AM ESTInterDigital (NASDAQ: IDCC) reported Q4 EPS of $0.44, $0.17 better than the analyst estimate of $0.27. Revenue for the quarter came in at $102.2 million versus the consensus estimate of $95.44 million.
Fourth Quarter 2019 Financial Highlights
Fourth quarter 2019 total revenue was $102.2 million, compared to $75.3 million in fourth quarter 2018. Fourth quarter 2019 recurring revenue was $77.5 million, compared to $73.7 million in fourth quarter 2018. This increase was driven by new agreements signed in fourth quarter 2019. Additionally, fourth quarter 2019 included $24.7 million of past sales, which was primarily attributable to new deals signed in the quarter.Fourth quarter 2019 operating expenses were $76.9 million, compared... More