Arbitrations with Pegatron and Apple Result in Higher Q4 Revenue for InterDigital

This week InterDigital (IDCC) released financial results for the fourth quarter of 2013. While Q4 revenue is up from $87.9 million in 2012 to $99.7 million in 2013, the entity’s full-year revenue is less than half of what it was in 2012. IDCC’s total revenue in 2012 was $663.1 million compared to $325.4 million in 2013, a result IDCC attributes in part to a $384 million decrease in patent sales. Increased Q4 revenue was reportedly driven by past patent royalties, per-unit royalties, and technology solutions revenue, all of which were boosted by awards received in arbitration with Pegatron and Apple. IDCC disclosed that Pegatron accounted for 57% of total Q4 2013 revenue at $56.9 million, of which $35.6 million was past patent royalties.