InterDigital (IDCC) Tops Q4 EPS by 1c

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Go back to InterDigital (IDCC) Tops Q4 EPS by 1c

InterDigital Reports Fourth Quarter and Full Year 2016 Financial Results

February 23, 2017 8:30 AM EST

WILMINGTON, Del., Feb. 23, 2017 (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, 2016.

Fourth Quarter 2016 Financial Highlights

Fourth quarter 2016 total revenue was $273.9 million, compared to $112.1 million in fourth quarter 2015.  The $161.8 million increase in total revenue was primarily attributable to a license agreement signed during the quarter.  Primarily as a result of that agreement, past patent royalties totaled $180.3 million.Fourth quarter 2016 recurring revenue was $93.6 million, consisting of current patent royalties and... More