IDCC Signs Three New Licenses in Q2, Reports over $190M in Royalties Received
- August 14, 2014
InterDigital (IDCC) released financial results and its 10-Q filing for the second quarter of 2014. Revenue in Q2 totaled $194.2M compared to $67.7M in the same quarter last year. IDCC primarily attributes this 187% increase to patent license agreements signed in Q2, which resulted in higher past patent royalties and current patent royalties. The NPE recognized royalties from over 25 licensees in the second quarter and signed three new patent license agreements: one with Samsung, covering 3G and 4G wireless products, which resolved all pending litigation between the entities; and two additional license agreements covering infrastructure equipment products and terminal units. IDCC issued a press release on April 7 announcing that one of its subsidiaries entered into patent license agreement with Fujitsu, covering “2G, 3G, and 4G terminal unit and infrastructure equipment products, including LTE and LTE-advanced products.” Companies that individually accounted for ten percent or more of second-quarter revenue were Samsung at 53% ($102.9M) and Ericsson at 11% ($21.3M).