Interdigital Inc Stock Price, News & Analysis

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.

InterDigital (NASDAQ:IDCC) has announced a multi-year, worldwide, non-exclusive licensing agreement with Xiaomi. This agreement includes a royalty bearing license covering Xiaomi's cellular-enabled devices related to InterDigital's essential patents for cellular wireless technologies (3G, 4G, 5G), WiFi, and HEVC video technology. As part of the settlement, both companies agreed to dismiss all pending patent litigation. This partnership will expand InterDigital's reach to millions of consumers globally, adding Xiaomi to their roster of about 80 licensed companies.

InterDigital (NASDAQ:IDCC) announced a UK High Court ruling confirming that Lenovo infringed on its patent essential to the 4G LTE standard. The court found the patent valid, emphasizing the strength of InterDigital's wireless patent portfolio. A trial to set licensing terms is scheduled for early 2022, following this judgment. This legal action is part of InterDigital's ongoing efforts to enforce its R&D investments in mobile and video technology, which are critical to many global technology leaders.

InterDigital (NASDAQ:IDCC) announced it will release its second quarter 2021 financial results on August 5, 2021, before market open. A conference call will follow at 10:00 a.m. ET to discuss financial performance and other matters. Interested parties can access the call via a live webcast on InterDigital's website. The company provides mobile and video technology solutions globally and is included in the S&P SmallCap 600 index.

InterDigital has announced its membership as a founding participant in the University of Texas at Austin’s 6G Research Center (6G@UT). This consortium includes major players such as Samsung, AT&T, NVIDIA, and Qualcomm, focusing on next-generation wireless technologies crucial for the 6G roadmap. The center will investigate areas like ubiquitous sensing and machine learning over a three-year period, with each company sponsoring two projects. Furthermore, InterDigital is also a founding member of the ATIS Next G Alliance, aimed at preparing the U.S. for future wireless advancements.

InterDigital, Inc. (NASDAQ:IDCC) has announced a non-recurring net charge of approximately $28-$32 million for Q2 2021 as it shifts focus to core technologies. This includes a $12-$14 million non-cash impairment from asset disposal. The company expects total operating expenses for the quarter to be $91-$96 million. However, these changes are projected to yield annual cost savings of about $15 million starting Q4 2021, prior to any reinvestments.

InterDigital announced a collaborative demonstration with Anritsu for a smart factory use case utilizing 5G New Radio (NR) and network slicing. This demo showcases the Intelligent Edge solution alongside the Anritsu Rapid Test Designer, illustrating the benefits of network slicing and multi-access edge computing (MEC) for industry advancements. The solution enhances data flow management between physical factories and digital edges, improving latency and performance. The demo will be featured at Mobile World Congress 2021, highlighting the potential of 5G technologies in supporting Industry 4.0 applications.

InterDigital has successfully conducted a pilot showcasing the advantages of 5G edge solutions for Industry 4.0 applications using AWS Wavelength on the Vodafone 5G network. This pilot achieved average downstream bandwidth of 50 Mbps and latency under 15 ms, surpassing the requirements for real-time applications like remote robotic navigation. The collaboration with Vodafone and AWS highlights the potential for 5G edge technology to enhance manufacturing processes, such as defect detection and vehicle navigation. InterDigital aims to leverage these advancements for better connectivity and analytics.