InterDigital (IDCC) Misses Q4 EPS by 1c, Revenues Beat
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InterDigital Reports Fourth Quarter and Full Year 2020 Financial Results
February 18, 2021 8:30 AM ESTWILMINGTON, Del., Feb. 18, 2021 (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, 2020.
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 from deals signed in fourth quarter... More