Interdigital Inc Stock Price, News & Analysis

InterDigital, Inc. (NASDAQ:IDCC) announced it will release its third quarter 2021 financial results on November 4, 2021, before market open. The company will conduct a conference call at 10:00 a.m. ET the same day to discuss its financial performance and other matters. Investors can join the call via an Internet webcast or by telephone. A replay of the call will be available on the company's website and via telephone from November 4 to November 9. InterDigital is known for developing mobile and video technologies crucial for global networks and services.

InterDigital announced the election of Arman Shojaeifard as Chair of the newly formed ETSI Industry Specification Group (ISG) on Reconfigurable Intelligent Surfaces (RIS). The election occurred on September 30, 2021, at the inaugural ETSI ISG RIS meeting. This group includes industry leaders from various organizations and aims to define use cases and requirements for RIS technology, a key innovation for future wireless systems, particularly 6G. The establishment of this group marks a significant step for InterDigital in influencing future wireless technologies.

Blair Watters has been promoted to Vice President of Government Relations and Standards Policy at InterDigital (NASDAQ:IDCC). This announcement comes as the company integrates its government affairs, marketing, and communications teams under Rob Stien, the new EVP, Chief Communications and Public Policy Officer. Watters will focus on U.S. policy and key technology standards like 5G. Both leaders emphasize the importance of these roles in enhancing InterDigital's position in mobile and video innovation during the rollout of advanced technologies.

InterDigital, a technology R&D company listed on NASDAQ under the symbol IDCC, will present at the Sidoti Fall Virtual Small Cap Conference on September 22, 2021, at 1:00 PM ET. This event will be webcast live, with an archived replay available afterward. InterDigital specializes in mobile and video technologies, addressing critical industry challenges to enhance broadband and video delivery. Founded in 1972, the company partners with leading tech firms globally.

InterDigital, a mobile and video technology R&D company, has provided its third quarter 2021 revenue guidance, expecting between $119 million and $121 million. This includes estimated recurring revenue of $89 million to $91 million, driven by a $15 million increase in recurring revenue and $30 million from a fixed-price license agreement. Operating expenses are projected between $97 million and $105 million, including $18 million to $23 million in one-time restructuring expenses. The guidance excludes potential impacts from future agreements.

InterDigital (NASDAQ:IDCC) has announced a quarterly cash dividend of $0.35 per share on its common stock. This dividend is payable on October 27, 2021 to shareholders of record by October 13, 2021. The company, headquartered in Wilmington, Delaware, focuses on mobile and video technology research, addressing complex technical challenges and enhancing broadband networks and video delivery. InterDigital's strategic relationships with major technology firms bolster its position in the market.

InterDigital (NASDAQ:IDCC) has signed a multi-year, worldwide, non-exclusive, royalty-bearing license with Seiko Solutions Inc. covering 3G, 4G, and 5G cellular wireless technology. This agreement was reached through constructive negotiations and underscores the strong partnership between the two companies. InterDigital's portfolio has attracted approximately 80 licensees over the years, resulting in the sale of over 800 million licensed devices in the current year and more than six billion in the last decade, showcasing the company's significant impact in mobile and video technologies.

InterDigital (NASDAQ:IDCC) will present at the Oppenheimer 24th Annual Technology, Internet, and Communications Virtual Investor Conference on August 10, 2021, at 4:35 PM ET. The presentation will be available via live webcast, with an archived replay accessible afterward. InterDigital specializes in developing advanced mobile and video technologies to address critical industry challenges, partnering with leading technology companies. Founded in 1972, the company is committed to innovation in broadband networks and multimedia solutions.

InterDigital reported Q2 2021 financial results, showing recurring revenue of $78.1 million, down from $85.2 million in Q2 2020. Total revenue decreased to $87.7 million from $104.5 million year-over-year. Operating expenses rose to $90.9 million, reflecting $15.2 million in non-recurring charges linked to restructuring. The company incurred an operating loss of $3.1 million compared to a profit of $31.9 million in the prior year, while net income fell to $1.6 million ($0.05 per diluted share) from $22.3 million ($0.72 per diluted share). Cash and equivalents totaled $837.7 million.