IDCC - InterDigital Non-GAAP EPS of $1.30 revenue of $101.6M

2023-08-03 08:35:19 ET

• InterDigital press release ( NASDAQ: IDCC ): Q2 Non-GAAP EPS of $1.30.
• Revenue of $101.6M (-18.5% Y/Y).
• Recurring revenue was $99.1 million and decreased 1%.
• Operating expenses were $78.2 million and increased 5% due primarily to higher research and portfolio development costs.
• Non-operating income ¹ was $2.2 million, as compared to non-operating expense ¹ of $21.3 million, driven primarily by our 2022 debt refinancing.
• Net income ² was $21.8 million and increased 3%; net income ² margin was 21%.
• Q3 Guidance:

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