InterDigital (IDCC) Guides Q4 Revs Expectations Ahead of Views
Tweet
Share
E-mailGet Alerts IDCC Hot Sheet
Join SI Premium – FREE
InterDigital, Inc. (NASDAQ: IDCC) today announced financial guidance for fourth quarter 2012. The company expects fourth quarter 2012 revenue to be between $62 million and $64 million. This revenue guidance is based on royalty reports received to date, and does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration decisions that may be received, during the balance of fourth quarter 2012.
The Street is modeling revs of $58.7 million.
"We expect fourth quarter 2012 revenue to be at least $62 million, of which approximately $61 million is expected to relate to current patent royalties. That amount of current patent royalties, if realized, would represent a 6% increase over third quarter 2012,” said Richard J Brezski, InterDigital’s Chief Financial Officer. “The expected sequential increase in current patent royalties is primarily due to stronger sales volumes from our Japan-based licensees. Whether we achieve the high end of our forecasted revenue range depends on the timing of the resolution of an outstanding audit with an existing licensee and the receipt of an additional royalty report covering past sales. Any additional increase in fourth quarter revenue above the expected range would be largely dependent upon the entry into potential new agreements and/or arbitration results.”
The Street is modeling revs of $58.7 million.
"We expect fourth quarter 2012 revenue to be at least $62 million, of which approximately $61 million is expected to relate to current patent royalties. That amount of current patent royalties, if realized, would represent a 6% increase over third quarter 2012,” said Richard J Brezski, InterDigital’s Chief Financial Officer. “The expected sequential increase in current patent royalties is primarily due to stronger sales volumes from our Japan-based licensees. Whether we achieve the high end of our forecasted revenue range depends on the timing of the resolution of an outstanding audit with an existing licensee and the receipt of an additional royalty report covering past sales. Any additional increase in fourth quarter revenue above the expected range would be largely dependent upon the entry into potential new agreements and/or arbitration results.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intel (INTC) tops Q1 EPS by 3c; misses on guidance
- KLA Corporation (KLAC) Tops Q3 EPS by 23c, Offers Guidance
- T-Mobile posts mixed Q1 top and bottom line, expects more subscribers in 2024
Create E-mail Alert Related Categories
Guidance, Hot GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
