Interdigital Inc Stock Price, News & Analysis

InterDigital, Inc. (NASDAQ:IDCC) has declared a quarterly cash dividend of $0.35 per share on its common stock. This dividend will be payable on April 27, 2022, to shareholders of record as of April 13, 2022. The company specializes in developing mobile and video technologies, addressing significant industry challenges and innovating for future broadband networks and multimedia experiences. Founded in 1972, InterDigital has established collaborations with leading technology firms worldwide.

InterDigital (NASDAQ:IDCC) announced the election of Gaëlle Martin-Cocher as Vice Chair of the Telecommunication Standardization Advisory Group (TSAG) within the International Telecommunications Union (ITU). This body focuses on key issues such as ICT services, future networks, and content delivery platforms. InterDigital's involvement in such influential groups is seen as vital for shaping industry standards and enhancing collaboration among technology organizations. The company is recognized for developing advanced mobile and video technologies to meet the industry's evolving demands.

InterDigital, a leader in mobile and video technology, will present at the Sidoti Spring 2022 Virtual Conference on March 24, 2022, at 1:45 PM ET. The event will be available for live webcast and archived replay. InterDigital is known for its innovative solutions that enhance broadband networks and multimedia experiences, having established strategic relationships with leading tech companies since its founding in 1972. For details, visit the Investors section of their website.

InterDigital has donated over 70 laptops to Zip Code Wilmington, a nonprofit coding school in Delaware. This initiative aims to support training for the next generation of software engineers through the B1ue N0te program, which provides programming skills to underrepresented and disadvantaged youth. The laptops will also assist in teaching coding to low- to middle-income families, promoting awareness of software development careers. InterDigital’s support underscores its commitment to education and workforce development in the tech sector.

InterDigital, Inc. has awarded its 2022 Inventor of the Year title to Moon-Il Lee and Franck Galpin for their substantial contributions in 5G technology and VVC video codecs. Lee has made over 100 inventions enhancing 5G features like low latency for autonomous vehicles, while Galpin has contributed over 150 inventions focused on advanced video compression methods. This recognition underscores the company’s commitment to innovation in wireless and video technologies, crucial for future tech advancements.

InterDigital (NASDAQ:IDCC) reported strong financial results for Q4 and the full year 2021, driven by a record number of new patent license agreements. Total Q4 revenue reached $111.8 million, up 23% from $90.8 million in Q4 2020. Recurring revenue increased to $101.6 million. Net income for Q4 was $21.9 million, or $0.70 per diluted share, a significant improvement from a net loss in the prior year. The company expects Q1 2022 revenue between $95 million and $100 million, primarily from recurring sources.

InterDigital, Inc. (NASDAQ:IDCC) has released a report in collaboration with ABI Research and 6GWorld, titled “6G: The Network of Technology Convergence.” This report outlines the transformative potential of 6G technology, emphasizing its role as an enabling platform for advancements in AI, connectivity, and more. Key features include enhanced global coverage, lower carbon footprint, and greater spectral efficiency. The vision involves merging communications and computing, creating a network of networks, and fostering 6G-enabled ecosystems like the metaverse.

InterDigital (NASDAQ:IDCC) will release its fourth quarter and full year 2021 financial results on February 17, 2022, before market open. A conference call for investors will be held that day at 10:00 a.m. ET to discuss the company's performance and developments. Interested parties can access the live stream via InterDigital's website or via phone. Replays of the conference call will be available online and by telephone from February 17 through February 22, 2022.