- InterDigital press release ( NASDAQ: IDCC ): Q2 GAAP EPS of $0.69 beats by $0.13 .
- Revenue of $124.66M (+42.1% Y/Y) beats by $2.66M .
- Adjusted EBITDA 2 increased 119% to $77.8 million compared to $35.6 million in second quarter 2021.
- The company repurchased 1.2 million shares of its common stock for $74.4 million in connection with a refinancing of its convertible debt.
- Near Term Outlook: The company expects recurring revenue for third quarter to be between $96 and $100 million. This revenue guidance covers existing agreements and does not include the potential impact of any additional new patent licenses, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of third quarter 2022.
- The company expects third quarter operating expenses will be in the range of $76 to $80 million. In addition, the company expects non-operating expenses, comprised of interest expense and other income (expense), will be in the range of $6 to $8 million and the effective tax rate will be in the range of 25% to 27%.
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InterDigital GAAP EPS of $0.69 beats by $0.13, revenue of $124.66M beats by $2.66M