InterDigital Reports Lower Q3 Revenue
- January 2, 2014
This year’s third quarter produced less financial success for a number of NPEs compared to previous years and InterDigital is no exception. The entity reported a less profitable quarter in Q3 2013 than it had at the same time in the previous year. Overall revenue for the quarter was reported at $111 million while in Q3 of 2012 it was $434 million. InterDigital also disclosed that 49% of that revenue came from a single source, Intel Mobile Communications. Net income was down significantly this quarter, $26 million compared to $236 million during the same quarter in 2012. That was also reflected in InterDigital’s year-to-date income. For the first nine months of the year, it reported income of $22 million, down from $256 million in the first nine months of 2012.