Loading...
•
Dec 31, 2021
InterDigital Q4 2021 Earnings Report
Reported a strong Q4 2021, driven by a record number of new license agreements.
Key Takeaways
InterDigital reported a strong fourth quarter and full year 2021, driven by a record number of new license agreements. Total revenue for the fourth quarter was $111.8 million, a 23% increase from the fourth quarter of 2020. Net income for the quarter was $21.9 million, or $0.70 per diluted share, compared to a net loss of $1.4 million, or $(0.04) per diluted share, in the fourth quarter of 2020.
Total revenue increased by 23% to $111.8 million compared to Q4 2020.
Recurring revenue increased to $101.6 million, compared to $89.1 million in Q4 2020.
Net income was $21.9 million, or $0.70 per diluted share, compared to a net loss of $1.4 million, or $(0.04) per diluted share, in Q4 2020.
Free cash flow increased to $65.3 million, compared to $10.4 million in Q4 2020.
InterDigital
InterDigital
Forward Guidance
The company expects total first quarter 2022 revenue to be between $95 million and $100 million, comprised almost entirely of recurring revenue. This revenue guidance does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of first quarter 2022.