InterDigital Provides Q3 Revenue Guidance

InterDigital is forecasting Q3 revenue to be between $90 million and $98 million, including recurring revenue in the range of $83 million to $88 million. This compares to recurring revenue of $87.9 million in the second quarter of 2017 and $84.3 million in the third quarter of 2016. The total revenue guidance includes the expected range of contribution to the period, including past sales, from the remaining portion of the patent transfer under the Huawei patent license agreement.

This revenue guidance is based primarily on royalty reports received to date, and does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of third quarter 2017.