InterDigital (IDCC) Tops Q4 EPS by 17c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus
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InterDigital Reports Fourth Quarter and Full Year 2019 Financial Results
February 20, 2020 8:30 AM ESTWILMINGTON, Del., Feb. 20, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, today announced results for the fourth quarter and full year ended December 31, 2019.
Fourth Quarter 2019 Financial Highlights
Fourth quarter 2019 total revenue was $102.2 million, compared to $75.3 million in fourth quarter 2018. Fourth quarter 2019 recurring revenue was $77.5 million, compared to $73.7 million in fourth quarter 2018. This increase was driven by new agreements signed in fourth quarter 2019. Additionally, fourth quarter 2019 included $24.7 million of past sales, which was primarily attributable to new deals signed in the... More