InterDigital, Inc. (NASDAQ: IDCC) today announced financial guidance for
fourth quarter 2012. The company expects fourth quarter 2012 revenue to
be between $62 million and $64 million. This revenue guidance is based
on royalty reports received to date, and does not include the potential
impact of any new patent license, technology solutions or patent sale
agreements that may be signed, or any arbitration decisions that may be
received, during the balance of fourth quarter 2012.
"We expect fourth quarter 2012 revenue to be at least $62 million, of
which approximately $61 million is expected to relate to current patent
royalties. That amount of current patent royalties, if realized, would
represent a 6% increase over third quarter 2012,” said Richard J
Brezski, InterDigital’s Chief Financial Officer. “The expected
sequential increase in current patent royalties is primarily due to
stronger sales volumes from our Japan-based licensees. Whether we
achieve the high end of our forecasted revenue range depends on the
timing of the resolution of an outstanding audit with an existing
licensee and the receipt of an additional royalty report covering past
sales. Any additional increase in fourth quarter revenue above the
expected range would be largely dependent upon the entry into potential
new agreements and/or arbitration results.”
InterDigital develops fundamental wireless technologies that are at the
core of mobile devices, networks, and services worldwide. We solve many
of the industry's most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a richer
multimedia experience years ahead of market deployment. InterDigital has
licenses and strategic relationships with many of the world's leading
wireless companies. Founded in 1972, InterDigital is listed on NASDAQ
and is included in the S&P MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit the InterDigital website: www.interdigital.com.
This press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. Such statements include information regarding our current
expectations with respect to the company's fourth quarter 2012 revenue.
Words such as "expects," "forecasted," "projected," variations of such
words or similar expressions are intended to identify such
Forward-looking statements are subject to risks and uncertainties.
Actual outcomes could differ materially from those expressed in or
anticipated by such forward-looking statements due to a variety of
factors, including, but not limited to: (i) the entry into additional
patent license, patent sales or technology solutions agreements; (ii)
the accuracy of market sales projections of the company's licensees and
timely receipt and final reviews of quarterly royalty reports from the
company's licensees and related matters; (iii) amounts of royalties
payable following routine audits, if any, and the timely receipt of such
amounts during fourth quarter 2012; and (iv) the timing and outcome of
the company’s litigation and arbitration proceedings. We undertake no
duty to update publicly any forward-looking statement, whether as a
result of new information, future events or otherwise, except as may be
required by applicable law, regulation or other competent legal
For more information, visit: www.interdigital.com.