InterDigital raises Q4 2023 net income to about $34 million on tax benefit
InterDigital released unaudited preliminary results for the quarter ended December 31, 2023, and an initial first-quarter 2024 outlook. Expected Q4 net income of about $34 million and diluted EPS of about $1.20 are both above the prior expectations, mainly due to an expected release of a valuation allowance against deferred tax assets in certain foreign jurisdictions. The company warned that final results could differ materially, with final figures due February 15, 2024.
Key points
- Q4 2023 revenue expected at about $105 million, in line with prior guidance
- Q4 net income expected at about $34 million, above the prior $18 million to $21 million; diluted EPS about $1.20 vs. prior $0.70 to $0.80
- Q4 operating expenses expected at about $81 million, up from $77 million to $79 million due to higher litigation costs and performance-based compensation
- Q1 2024 outlook: revenue $245 million to $255 million and net income $70 million to $85 million; final results due February 15, 2024
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 16, 2024.
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