Interdigital Inc Stock Price, News & Analysis

InterDigital (IDCC) reported Q3 2024 revenues of $128.7 million, down 8% year-over-year but exceeding guidance, driven by strong consumer electronics and IoT licensing. The company raised its FY 2024 revenue guidance midpoint by $145 million to $860 million following a new license agreement with OPPO Group and a binding arbitration agreement with Lenovo. Q3 net income decreased 29% to $34.2 million, with diluted EPS of $1.14. Recurring revenues were $98.6 million, while catch-up revenues reached $30 million. The company's CE/IoT/Auto segment grew 15% to $40.6 million, offsetting a 16% decline in smartphone revenue to $87.4 million.

InterDigital (IDCC) has signed a new license agreement with OPPO Group, covering OPPO, realme and OnePlus branded mobile devices worldwide. The agreement resolves all pending litigations between the parties. With this addition to existing agreements with Apple, Samsung, and Xiaomi, InterDigital now has the four largest smartphone vendors under license, representing approximately 70% of the global market. The company views this as validation of their innovation in wireless, video, and AI technologies, strengthening their ability to reinvest in R&D for next-generation technology.

InterDigital (Nasdaq: IDCC) engineers received the SMPTE 2024 Journal Certificate of Merit for their research on energy-aware pixel value reduction (PVR). The awarded paper, authored by Erik Reinhard, Claire-Hélène Demarty, and Laurent Blondé, introduces a technique to optimize pixel brightness on device displays, reducing energy consumption while maintaining visual quality. The research explores methods to decrease television display energy usage during live video streaming, preserving creative intent while achieving energy savings. InterDigital is also developing Deep-PVR solutions using machine learning to optimize image quality and energy efficiency balance.

InterDigital and The University of Texas at Austin will showcase Over-the-Air Federated Learning (OTA-FL) for AI model training at the 2024 Brooklyn 6G Summit. The demo addresses challenges in applying AI/ML to wireless networks by managing model training overhead and ensuring user data privacy. OTA-FL allows simultaneous transmission of model updates, reducing overhead and improving energy efficiency compared to traditional federated learning.

The live demo will use software defined radios (SDRs) to display real-time OTA-FL training for image classification. InterDigital's Senior Principal Engineer Phil Pietraski will also participate in a panel discussion on 'Energy Efficiency in AI/ML Networks' during the summit, which focuses on the theme '6G – From vision to action'.

InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, has announced the release date for its third quarter 2024 financial results. The results will be made public before the market opens on Thursday, October 31, 2024. Following the release, InterDigital executives will host a conference call at 10:00 a.m. Eastern Time to discuss the company's performance.

Investors and interested parties can access a live webcast of the conference call on InterDigital's website. For those preferring telephone access, a dial-in registration link is available on the company's Investors page. A replay of the conference call will be accessible on InterDigital's website under the Events section in Investors, and will remain available for one year.

InterDigital (Nasdaq: IDCC), a mobile, video and AI technology R&D company, has announced an agreement to enter into a new patent license agreement with Lenovo. The final terms of this agreement will be determined through binding arbitration. As part of this process, both companies have agreed to settle all pending litigations between them.

Eeva Hakoranta, Chief Licensing Officer at InterDigital, commented on the development, stating that binding arbitration provides a sophisticated global dispute resolution mechanism when disagreements arise during licensing negotiations. She expressed anticipation for the conclusion of the arbitration process.

InterDigital (Nasdaq: IDCC) announced an agreement to enter into a new patent license agreement with Lenovo. The final terms of the agreement will be determined through binding arbitration. As part of this process, both companies have agreed to settle all pending litigations between them.

Eeva Hakoranta, Chief Licensing Officer at InterDigital, highlighted the importance of binding arbitration as a sophisticated global dispute resolution mechanism for licensing negotiations. The arbitration will determine the terms for Lenovo's use of InterDigital's foundational wireless, video, and AI innovation in products such as smartphones and PCs.

InterDigital (Nasdaq: IDCC), a mobile, video, and AI technology R&D company, announced that Bill Redmann, Director of Standards for Immersive Media Technologies, will speak at the Mobile World Congress Las Vegas from October 8-10, 2024. Redmann will be a featured speaker on the panel “The X Factor: Creating A World Class Fan Experience” at the MWC Las Vegas Sports and Entertainment Summit. The panel will discuss how technology enhances viewer experiences at home and in stadiums. Redmann will highlight InterDigital’s contributions to immersive video technologies and standards development. The panel, also featuring MeetKai and Protiviti, will take place on October 10 from 11:30 am to 12:30 pm PT on the Connected Industries Stage B.

InterDigital, Inc. (Nasdaq: IDCC), a technology research and development company, has announced new patent license agreements with TPV, a major manufacturer of digital TVs. The agreements cover InterDigital's HEVC patents and DTV patents licensed through a joint program with Sony. These licenses apply to TPV's range of digital TVs across various brands.

Eeva Hakoranta, Chief Licensing Officer at InterDigital, stated that these agreements demonstrate the value of their portfolio in consumer electronics. She emphasized InterDigital's leadership in video technologies, particularly HEVC, highlighting how their innovations support a wide array of video-based devices and services. Hakoranta expressed satisfaction in securing additional licenses with another major TV manufacturer.