InterDigital Inc (OQ:IDCC)
Business Focus: Communications & Networking
| Sector: Technology | Industry: Communications & Networking |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 200 Bellevue Parkway, Suite 300 WILMINGTON DE 19809-3727 |
| Tel: | N/A |
| Website: | https://www.interdigital.com |
| IR: | See website |
| Key People | ||
| Lawrence Chen President, Chief Executive Officer, Director | Richard J. Brezski Chief Financial Officer, Treasurer | Skip Maloney Chief People Officer |
| Rajesh Pankaj Chief Technology Officer | Eeva K. Hakoranta Chief Licensing Officer | Ken Kaskoun Chief Growth Officer | Joshua D. Schmidt Chief Legal Officer and Corporate Secretary |
| Business Overview |
| InterDigital, Inc. is a global research and development company focused primarily on wireless, video, artificial intelligence (AI), and related technologies. It designs and develops foundational technologies that enable connected, immersive experiences in a range of communications and entertainment products and services. The Company license its innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles and providers of cloud-based services such as video streaming. It focuses on wireless technology, which is used in wireless products and networks, from the earliest digital cellular systems to 5G and advanced Wi-Fi technologies. The Company also focuses on video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, InterDigital Inc revenues increased 20% to $549.6M. Net income increased from $93.7M to $214.1M. Revenues reflect China segment increase from $103.9M to $258.7M. Net income benefited from Interest and investment income increase from $14.5M to $46.6M (income), Other increase from $6.7M (expense) to $11.2M (income). Dividend per share increased from $1.40 to $1.45. |
| Employees: | 450 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,040M as of Dec 31, 2023 |
| Annual revenue (TTM): | $549.59M as of Dec 31, 2023 |
| EBITDA (TTM): | $301.91M as of Dec 31, 2023 |
| Net annual income (TTM): | $214.07M as of Dec 31, 2023 |
| Free cash flow (TTM): | $129.65M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 25,487,354 as of Feb 13, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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