InterDigital Reports Lower Revenue in Q3 2014
InterDigital (IDCC) announced financial results for the third quarter of 2014. Revenue totaled $77.6M, down from $110.6M in the same quarter last year. IDCC disclosed that Q3 2014 revenue was inclusive of $64.1M in past-sales revenue resulting from an arbitration award and past shipments by a licensee. Companies that individually accounted for ten percent or more of revenue in the third quarter were Samsung at 22% ($17.0M), Pegatron at 20% ($15.5M), and Sony at 13% ($10.0M).