InterDigital (IDCC) Tops Q3 EPS by 63c, Revenues Beat
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InterDigital Announces Financial Results For Third Quarter 2020
November 5, 2020 8:30 AM ESTWILMINGTON, Del., Nov. 05, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, today announced results for the third quarter ended September 30, 2020.
Third Quarter 2020 Financial Highlights
Third quarter 2020 recurring revenue was $87.0 million, compared to recurring revenue of $72.1 million in third quarter 2019, a 21% year-over-year increase. This increase was driven by eight new patent license agreements signed over the last twelve months, including Huawei and ZTE. Third quarter 2020 total revenue was $87.5 million, compared to $72.5 million in third quarter 2019. Third... More