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:
For further details see:
InterDigital Non-GAAP EPS of $1.30, revenue of $101.6M