InterDigital (IDCC) Reports In-Line Q1 EPS
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InterDigital Announces Financial Results for First Quarter 2019
May 2, 2019 8:30 AM EDT16% Year-over-year Growth in Recurring Revenue Underscores Early Impact of Technicolor Acquisition
WILMINGTON, Del., May 02, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced results for the first quarter ended March 31, 2019.
First Quarter 2019 Financial Highlights
First quarter 2019 recurring revenue was $74.2 million, a 16% increase compared to recurring revenue of  $64.1 million in first quarter 2018. InterDigital recorded a $5.5 million net charge that was recorded as a contra to non-recurring revenue in first quarter 2019, driven by the restructuring of an existing... More