InterDigital, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 30 15
InterDigital, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $118,551,000 compared to $194,234,000 a year ago. Income from operations was $58,578,000 compared to $128,372,000 a year ago. Income before income taxes was $50,832,000 compared to $124,770,000 a year ago. Net income was $31,955,000 compared to $78,112,000 a year ago. Net income attributable to the company was $32,602,000 or $0.89 per diluted share compared to $78,901,000 or $1.93 per diluted share a year ago. Free cash flow was $17,040,000 compared to $23,665,000 a year ago. Capital spending and capitalized patent costs was $8,255,000 compared to $9,475,000 a year ago. Net cash provided by operating activities was $25,295,000 compared to $33,140,000 a year ago. Purchases of property, equipment, & technology licenses were $491,000 compared to $246,000 a year ago.
For the six months, the company reported revenues of $228,929,000 compared to $252,078,000 a year ago. Income from operations was $109,822,000 compared to $128,331,000 a year ago. Income before income taxes was $96,840,000 compared to $120,765,000 a year ago. Net income was $60,287,000 compared to $75,557,000 a year ago. Net income attributable to the company was $61,667,000 or $1.67 per diluted share compared to $77,040,000 or $1.90 per diluted share a year ago. Free cash flow was $9,546,000 compared to $11,703,000 a year ago. Capital spending and capitalized patent costs was $17,520,000 compared to $18,578,000 a year ago. Net cash provided by operating activities was $27,066,000 compared to $30,281,000 a year ago. Purchases of property, equipment, & technology licenses were $1,329,000 compared to $1,466,000 a year ago.
InterDigital Europe and Partners to Lead Groundbreaking European Commission 5G Research Project
May 14 15
InterDigital, Inc. announced that InterDigital Europe, has been chosen by the European Commission to conduct a 5G socioeconomic research project. The research will directly inform the development and rollout of 5G in the European Union, and empower the region to stake an early claim as a global 5G leader. The study will produce an unprecedented framework, based on key socioeconomic data, for the European Commission's introduction of 5G infrastructure in Europe. The project will engage key stakeholders across the wireless industry, as well as vertical markets and policy makers, to get a clear picture of 5G's economic impact and the possible innovation it will spur in areas such as health, transport, social services and commercial opportunities. Map out possible 5G scenarios in the region's economy and society to determine technological requirements and parameters for 5G implementation. Quantify rural, suburban and urban usage patterns and their impact on technology requirements. Identify expected use cases for 5G technology, and their impact on technical parameters· Analyze spectrum demand and technical spectrum issues, including quantitative needs and boundaries, and consider new band requirements and constraints.