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Dec 31, 2019
InterDigital Q4 2019 Earnings Report
InterDigital reported an increase in revenue and net income for Q4 2019, driven by new agreements in wireless and consumer electronics.
Key Takeaways
InterDigital's Q4 2019 financial results showed an increase in total revenue to $102.2 million compared to $75.3 million in Q4 2018. Net income also increased to $13.8 million, or $0.44 per diluted share, compared to $2.1 million, or $0.06 per diluted share, in the same quarter of the previous year. The company signed new agreements with key players like Google and ZTE and also signed their first license on the consumer electronics side.
Total revenue for Q4 2019 was $102.2 million, up from $75.3 million in Q4 2018.
Recurring revenue increased to $77.5 million in Q4 2019, compared to $73.7 million in Q4 2018, driven by new agreements.
Net income for Q4 2019 was $13.8 million, or $0.44 per diluted share, compared to $2.1 million, or $0.06 per diluted share, in Q4 2018.
Free cash flow increased to $8.7 million in Q4 2019, compared to free cash flow used of $38.7 million in Q4 2018, due to the timing of collections under fixed-fee agreements.
Forward Guidance
The company expects total first quarter 2020 revenue to be between $73 million and $75 million, comprised almost entirely of recurring revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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