InterDigital Issues Updated Revenue Guidance for Second Quarter 2014
WILMINGTON, Del., June 3, 2014 -- InterDigital, Inc. (IDCC), a wireless research and development company, today announced that it has updated its expectations for total second quarter 2014 revenue to be between $172 million and $210 million.
"We expect second quarter recurring revenues to be in the range of $72 million to $80 million, and past sales of $100 million to $130 million," noted Richard J. Brezski, Chief Financial Officer, InterDigital. "Our current level of recurring revenues provides a foundation to drive strong financial performance and free cash flow for the foreseeable future. Moreover, with roughly half of the market under license, we believe there is ample opportunity to continue to add to our recurring revenue base while adding little variable cost."
- Published: 03 June 2014
- Written by Editor