Every material Form 8-K InterDigital filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
InterDigital reported third quarter 2024 results, with revenue of $128.7 million, down 8% from a year earlier, and net income of $34.2 million, down 29%. The company raised the midpoint of its full-year 2024 revenue guidance by $145 million to $860 million, with a range of $855 million to $865 million, and said the outlook covers existing agreements only.
Q3 2024 revenue was $128.7 million versus $140.1 million in Q3 2023; the company said it exceeded the top end of its guidance.
Diluted EPS was $1.14 versus $1.72 a year earlier; non-GAAP EPS was $1.63 versus $2.13.
Full-year 2024 revenue guidance is now $855 million to $865 million, up from $690 million to $740 million previously.
Q4 2024 revenue guidance is $239 million to $249 million, and the company cited a new OPPO Group license agreement and a binding arbitration agreement with Lenovo.
InterDigital reported second-quarter 2024 revenue of $223.5 million, up 120% from $101.6 million a year earlier, and GAAP diluted EPS of $3.93 versus $0.79. The company raised its full-year 2024 revenue guidance to $690 million to $740 million from $620 million to $670 million, though second-quarter revenue included $127.6 million of catch-up revenue while recurring revenue fell 3%.
Q2 2024 net income attributable to InterDigital was $109.7 million; diluted EPS was $3.93 versus $0.79, and non-GAAP EPS was $4.57 versus $1.30
Full-year 2024 revenue guidance raised to $690 million to $740 million from $620 million to $670 million; non-GAAP EPS guidance raised to $9.70 to $10.95 from $7.45 to $8.76
Q2 recurring revenue was $95.9 million, down 3%, while catch-up revenue was $127.6 million
Third-quarter 2024 revenue outlook is $94 million to $98 million, based on existing licenses only
InterDigital, Inc. disclosed that director Dr. Pierre-Yves Lesaicherre delivered notice of his resignation from its Board of Directors and all committees on June 17, 2024. The company states the resignation was due to personal reasons and was not related to any disagreement over its operations, policies or practices.
Resignation notice delivered June 17, 2024, from the Board and all committees
Company states reason was personal and not related to any disagreement with operations, policies or practices
Filing dated June 21, 2024, signed by Chief Legal Officer Joshua D. Schmidt
InterDigital reported fourth quarter and full year 2023 results, with full year revenue of $549.6 million, up 20%, and diluted earnings per share of $7.62 versus $3.07 a year earlier. The company guided full year 2024 revenue to $620 million to $670 million, but fourth quarter revenue fell 10% year over year, so shareholders will weigh the growth outlook against that quarterly decline.
Full year 2023 revenue was $549.6 million, up 20% from $457.8 million; GAAP diluted EPS was $7.62 versus $3.07.
Fourth quarter 2023 revenue was $105.5 million, down 10% from $117.1 million; GAAP diluted EPS was $1.41 versus $1.08.
Full year 2024 revenue is guided to $620 million to $670 million; first quarter 2024 revenue is guided to $245 million to $255 million.
The company returned $379.0 million to shareholders in 2023, including $339.7 million in share repurchases.
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.
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
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every InterDigital filing is on SEC EDGAR ↗. 8-K briefs of other companies →