InterDigital Reports Fourth Quarter and Full Year 2020 Financial Results
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InterDigital (IDCC) Misses Q4 EPS by 1c, Revenues Beat
February 18, 2021 8:31 AM ESTInterDigital (NASDAQ: IDCC) reported Q4 EPS of ($0.04), $0.01 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $89.1 million versus the consensus estimate of $88.11 million.
Fourth Quarter 2020 Financial Highlights
Recurring revenue was $89.1 million, compared to $77.5 million in fourth quarter 2019, a 15% year-over-year increase, which was driven by six new patent license agreements signed during 2020. Total revenue was $90.8 million, compared to $102.2 million in fourth quarter 2019, which is attributable to past sales... More