InterDigital (IDCC) Tops Q2 EPS by 8c, Revenues Beat
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InterDigital Announces Financial Results For Second Quarter 2020
August 6, 2020 8:30 AM EDTWILMINGTON, Del., Aug. 06, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, today announced results for the second quarter ended June 30, 2020.
Second Quarter 2020 Financial Highlights
Second quarter 2020 recurring revenue was $85.2 million, compared to recurring revenue of $74.4 million in second quarter 2019, a 15% increase. This increase was driven by new patent license agreements signed over the last twelve months, including with Huawei and ZTE. Second quarter 2020 total revenue was $104.5 million, compared to $75.6 million in second quarter 2019. The increase... More