InterDigital (IDCC) Tops Q1 EPS by 7c, Revenues Beat

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Go back to InterDigital (IDCC) Tops Q1 EPS by 7c, Revenues Beat

InterDigital Announces Financial Results for First Quarter 2020

May 7, 2020 8:30 AM EDT

WILMINGTON, Del., May 07, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, today announced results for the first quarter ended March 31, 2020.

First Quarter 2020 Financial Highlights

First quarter 2020 recurring revenue was $75.5 million, compared to recurring revenue of $74.2 million in first quarter 2019. First quarter 2020 revenue did not include any impact from the company's recently announced second quarter license renewal with Huawei.First quarter 2020 total revenue was $76.2 million, compared to $68.6 million in first quarter 2019. As previously disclosed, first quarter 2019 included a $5.5... More