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Dec 31, 2022
InterDigital Q4 2022 Earnings Report
InterDigital's Q4 2022 financial performance reflected a revenue increase and strong profits.
Key Takeaways
InterDigital reported a 5% increase in total revenue, reaching $117.1 million in Q4 2022. Recurring revenue increased by 2% to $103.6 million. Net income saw a significant increase of 48% to $32.4 million, with diluted earnings per share up by 54% to $1.08.
Total revenue increased by 5% reaching $117.1 million.
Recurring revenue grew by 2% to $103.6 million.
Net income increased significantly by 48% to $32.4 million.
Diluted earnings per share increased by 54% to $1.08.
InterDigital
InterDigital
Forward Guidance
The company expects recurring revenue for first quarter 2023 will be between $94 and $98 million and operating expenses will be in the range of $75 to $79 million. In addition, the company expects non-operating expenses will be in the range of $1 to $3 million and the effective tax rate will be approximately 25%.