InterDigital Sees Prelim. Q4 Sales $92M-$100M, Recurring Revenue $74M-$77M

InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today updated its revenue guidance for fourth quarter 2019. The company expects total fourth quarter 2019 revenue to be

Benzinga · 01/06/2020 21:31

InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today updated its revenue guidance for fourth quarter 2019.

The company expects total fourth quarter 2019 revenue to be between $92 million and $100 million, which includes between $74 million and $77 million of recurring revenue. The company also expects fourth quarter 2019 operating expenses to be roughly $11 million to $14 million higher than third quarter 2019. Approximately half of both the non-recurring revenue and the increase in expenses reflect revenue and revenue sharing cost associated with a new consumer electronics licensee, which the company signed in the second half of December.