Last week InterDigital(IDCC) released financial results for the first quarter of 2014. IDCC reported Q1 revenue of $57.8 million compared to $47.3 million in the same period last year. This 22% increase was attributed to $3.1 million in royalties as a result of a 2013 Intel arbitration award and a $7.2 million boost in patent royalties related to IDCC’s 2013 license agreement with Pegatron. According to IDCC, Pegatron accounted for 31% of first-quarter revenue. Sony was the only other company that accounted for more than 10% of revenue, at 17%. While net loss was down at $1.9M, compared to a net loss of $12.3 million in the first quarter of last year, the momentum IDCC reported in 2013 continues to slow down: Trailing four-quarter revenue for Q1 2014 totals $335.8 million, down 48% from $641.1 million in Q1 2013. The entity ended the first quarter of 2014 with $684.6 million in cash and short-term investments.