NASDAQ$IDCC

InterDigital Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

InterDigital reported an increase in revenue and net income for Q4 2019, driven by new agreements in wireless and consumer electronics.

InterDigital's Q4 2019 financial results showed an increase in total revenue to $102.2 million compared to $75.3 million in Q4 2018. Net income also increased to $13.8 million, or $0.44 per diluted share, compared to $2.1 million, or $0.06 per diluted share, in the same quarter of the previous year. The company signed new agreements with key players like Google and ZTE and also signed their first license on the consumer electronics side.

  • Total revenue for Q4 2019 was $102.2 million, up from $75.3 million in Q4 2018.
  • Recurring revenue increased to $77.5 million in Q4 2019, compared to $73.7 million in Q4 2018, driven by new agreements.
  • Net income for Q4 2019 was $13.8 million, or $0.44 per diluted share, compared to $2.1 million, or $0.06 per diluted share, in Q4 2018.
  • Free cash flow increased to $8.7 million in Q4 2019, compared to free cash flow used of $38.7 million in Q4 2018, due to the timing of collections under fixed-fee agreements.

Headline financials

Total Revenue

$102M

Previous: $75.3M+35.6%
EPS (adj)

$0.44

Previous: $0.05+780.0%
Capital Expenditures

$1.45M

Previous: $694K+108.5%
Free Cash Flow

$8.65M

Previous: -$30.5M+128.3%
Net Income

$13.8M

Previous: $1.83M+651.6%
Operating Income

$25.3M

Previous: $3.85M+557.9%
Gross Profit

$55.4M

Previous: $36.7M+50.9%
Cash & Equivalents

$925M

Previous: $475M+94.6%
Total Assets

$1.61B

Previous: $1.63B-0.9%
Stock-Based Comp

$1.59M

Previous: $2.21M-28.4%

Revenue & EPS history

InterDigital · Revenue · Quarterly

$102M

Q4 2019+35.6%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company expects total first quarter 2020 revenue to be between $73 million and $75 million, comprised almost entirely of recurring revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.7%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.2%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+20.4%

Q1 2023

Best reaction

-14.9%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-14.9%-18.6%-28.6%
Q4 2025+9.9%+11.9%+13.8%
Q3 2025+3.3%-0.4%-6.6%
Q1 2025+0.6%+6.6%+8.1%
Q4 2024+16.0%+13.8%+18.0%
Q3 2024+12.2%+14.3%+32.7%
Q2 2024+11.0%+11.9%+12.9%
Q1 2024+5.9%+7.7%+16.3%
Q4 2023+12.0%+5.9%-1.9%
Q3 2023+11.8%+11.7%+32.3%
Q2 2023-5.5%-6.2%-5.5%
Q1 2023+20.4%+19.3%+26.5%
Q4 2022+1.9%+1.9%-0.5%
Q3 2022+2.2%+2.7%+5.9%
Q2 2022-5.7%-13.0%-24.0%
Q1 2022-2.4%-3.1%+8.2%
Q4 2021-4.4%-6.6%-4.3%
Q3 2021+0.7%-1.3%-5.7%
Q2 2021+2.3%+5.8%+3.0%
Q1 2021+4.4%+1.3%+21.9%
Q4 2020-5.3%-5.7%-4.7%
Q3 2020+4.8%+9.3%+11.0%
Q2 2020-0.0%+3.3%-2.1%
Q1 2020+8.1%-1.8%+5.3%
Q4 2019+7.5%-2.4%-40.1%
Q3 2019+5.8%+4.2%+1.9%
Q2 2019-11.4%-17.9%-23.7%
Q1 2019+10.4%+7.0%-3.3%
Q4 2018-5.5%-5.0%-11.4%
Q3 2018+4.7%+8.9%+6.1%
Q2 2018-1.3%+1.7%+1.3%
Q1 2018-4.5%-3.7%+1.7%
Q4 2017-1.2%-5.9%-6.0%
Q3 2017-3.5%-2.3%-0.9%
Q2 2017-4.2%-7.7%-10.0%
Q1 2017+1.4%-2.5%-6.9%
Q4 2016-14.9%-16.9%-15.8%
Q3 2016-13.8%-12.7%+0.4%
Q2 2016+4.5%+10.8%+20.8%
Q1 2016-1.1%
Q4 2015+6.6%
Q3 2015+7.2%
Q2 2015-5.3%
Q1 2015+0.1%
Q4 2014+5.1%
Q3 2014+9.1%
Q2 2014-3.4%
Q1 2014-0.2%
Q4 2013+6.5%
Q3 2013+2.9%
Q2 2013+5.0%
Q1 2013+3.2%
Q4 2012-4.1%
Q3 2012-2.6%
Q2 2012-6.4%
Q1 2012-12.3%
Q4 2011-3.3%
Q3 2011-1.7%
Q2 2011-0.9%
Q1 2010-3.1%
Q1 2011+1.0%
Q4 2008-3.9%
Q4 2010-3.9%
Q3 2009-0.3%
Q3 2010-0.3%
Q2 2010-2.5%
Q2 2009-2.5%
Q4 2009-2.5%

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