2023-05-04 08:38:08 ET
- InterDigital press release ( NASDAQ: IDCC ): Q1 GAAP EPS of $3.58 beats by $2.99 .
- Revenue of $202.37M (+99.7% Y/Y) beats by $101.79M .
- Recurring revenue was $101.6 million and increased 2%.
- Operating expenses were $83.1 million and increased 17%. The increase was driven by $8.2 million of one-time items.
- The company completed its modified Dutch auction tender offer in which it repurchased 2.7 million shares, for an aggregate cost of $199.9 million, excluding fees, expenses and excise tax. The company repurchased $24.7 million, or 0.3 million shares, during the period April 1, 2023 through April 30, 2023.
- Q2 Outlook: Revenue $100M - $104M, Adjusted EBITDA $50.2M- $52.9M, Non-GAAP diluted earnings per share $1.19 - $1.29.
- Shares +3% PM.
For further details see:
InterDigital GAAP EPS of $3.58 beats by $2.99, revenue of $202.37M beats by $101.79M