InterDigital (IDCC) Issues Guidance for First Quarter 2021

March 18, 2021 8:32 AM EDT

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InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, today provided revenue guidance for first quarter 2021.

The company expects first quarter 2021 total revenue to be between $77 million and $81 million, which includes revenue from one Consumer Electronics license agreement signed during the quarter.

Richard J. Brezski, Chief Financial Officer, InterDigital noted, “We expect our revenue this quarter to exceed our first quarter 2020 revenue of $76.2 million, which highlights the benefits of having a broader and more diverse licensing program.”

This revenue guidance does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of first quarter 2021.

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