InterDigital Announces Annual Recurring Revenue Target Of $1 Billion By 2030
InterDigital (Nasdaq: IDCC), a mobile, video, and AI technology R&D company, has set ambitious targets for 2030, aiming to achieve $1 billion in annual recurring revenue and $600 million in adjusted EBITDA. CEO Liren Chen highlighted the company's significant progress over the past four years, including nearly doubling revenue and enhancing shareholder value. Chen emphasized InterDigital's strong position for future growth, citing their world-class innovation in wireless, video, and AI, accelerating business momentum, and large addressable markets. The company recently held an investor day to discuss these new targets and strategies, with presentation materials and a full replay available online.
InterDigital (Nasdaq: IDCC), un'azienda di R&S nel settore della tecnologia mobile, video e AI, ha stabilito obiettivi ambiziosi per il 2030, puntando a raggiungere 1 miliardo di dollari di ricavi annuali ricorrenti e 600 milioni di dollari di EBITDA rettificato. Il CEO Liren Chen ha evidenziato i significativi progressi dell'azienda negli ultimi quattro anni, inclusa quasi la doppia crescita dei ricavi e il miglioramento del valore per gli azionisti. Chen ha sottolineato la forte posizione di InterDigital per una futura crescita, citando la loro innovazione di classe mondiale in wireless, video e AI, l'accelerazione del slancio aziendale e i grandi mercati raggiungibili. L'azienda ha recentemente organizzato una giornata per gli investitori per discutere questi nuovi obiettivi e strategie, con materiali di presentazione e una registrazione completa disponibili online.
InterDigital (Nasdaq: IDCC), una empresa de I+D en tecnología móvil, video e IA, ha establecido objetivos ambiciosos para 2030, apuntando a alcanzar 1 mil millones de dólares en ingresos recurrentes anuales y 600 millones de dólares en EBITDA ajustado. El CEO Liren Chen destacó el progreso significativo de la empresa en los últimos cuatro años, incluyendo casi el doble de ingresos y el aumento del valor para los accionistas. Chen enfatizó la sólida posición de InterDigital para el crecimiento futuro, citando su innovación de clase mundial en inalámbrico, video e IA, el impulso empresarial acelerado y los grandes mercados direccionables. La empresa realizó recientemente un día para inversores para discutir estos nuevos objetivos y estrategias, con materiales de presentación y una grabación completa disponibles en línea.
인터디지털(나스닥: IDCC)은 모바일, 비디오 및 AI 기술 연구 개발 회사로, 2030년까지 연간 반복 수익 10억 달러와 조정 EBITDA 6억 달러 달성을 목표로 하는 야심 찬 목표를 설정했습니다. CEO 리렌 첸은 지난 4년 동안의 회사의 상당한 발전을 강조하며 수익을 거의 두 배로 증가시켰고 주주 가치를 증대했다고 밝혔습니다. 첸은 인터디지털의 강력한 미래 성장 가능성을 강조하며, 무선, 비디오 및 AI에서의 세계적 수준의 혁신, 가속화된 비즈니스 동력, 대규모 시장을 언급했습니다. 회사는 최근 이러한 새로운 목표와 전략에 대해 논의하기 위해 투자자 날을 개최했으며, 프레젠테이션 자료 및 전체 재생이 온라인에서 제공됩니다.
InterDigital (Nasdaq: IDCC), une entreprise de R&D dans le domaine des technologies mobiles, vidéo et IA, a fixé des objectifs ambitieux pour 2030, visant à atteindre 1 milliard de dollars de revenus récurrents annuels et 600 millions de dollars d'EBITDA ajusté. Le PDG Liren Chen a souligné les progrès significatifs de l'entreprise au cours des quatre dernières années, y compris quasi le doublement des revenus et l'augmentation de la valeur pour les actionnaires. Chen a souligné la position forte d'InterDigital pour une croissance future, mentionnant leur innovation de classe mondiale en sans fil, vidéo et IA, l'accélération de l'élan commercial et les grands marchés adressables. L'entreprise a récemment organisé une journée pour les investisseurs pour discuter de ces nouveaux objectifs et stratégies, avec des matériaux de présentation et un replay complet disponibles en ligne.
InterDigital (Nasdaq: IDCC), ein Unternehmen für Forschung und Entwicklung im Bereich mobiler, Video- und KI-Technologien, hat ehrgeizige Ziele für 2030 gesetzt und strebt an, 1 Milliarde Dollar wiederkehrende jährliche Einnahmen und 600 Millionen Dollar bereinigtes EBITDA zu erreichen. CEO Liren Chen hob den bedeutenden Fortschritt des Unternehmens in den letzten vier Jahren hervor, einschließlich fast einer Verdopplung der Einnahmen und der Steigerung des Aktienwerts. Chen betonte die starke Position von InterDigital für zukünftiges Wachstum und verwies auf ihre weltklasse Innovationen in Wireless, Video und KI, das beschleunigte Geschäftswachstum und die großen adressierbaren Märkte. Das Unternehmen veranstaltete kürzlich einen Investorentag, um diese neuen Ziele und Strategien zu besprechen, einschließlich Präsentationsmaterialien und einer vollständigen Aufnahme, die online verfügbar ist.
- Target of $1 billion in annual recurring revenue by 2030
- Target of $600 million in adjusted EBITDA by 2030
- Nearly doubled revenue in the past four years
- Improved business execution and enhanced shareholder value
- Strong position in wireless, video, and AI innovation
- Accelerating business momentum
- None.
Insights
InterDigital's ambitious
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Investors should note that while these targets are ambitious, they're based on InterDigital's strong position in wireless, video and AI technologies - all high-growth sectors with expanding addressable markets. However, achieving these targets will require consistent execution and successful monetization of their R&D efforts.
InterDigital's focus on wireless, video and AI technologies positions them at the forefront of critical tech trends. The company's research-driven model allows them to capitalize on emerging technologies without the capital-intensive requirements of product manufacturing.
Their strategy aligns well with the ongoing 5G rollout, increasing video streaming demand and the AI boom. As these technologies mature and new applications emerge, InterDigital's patent portfolio and ongoing R&D efforts could become increasingly valuable.
However, the tech landscape is highly competitive and rapidly evolving. InterDigital will need to maintain its innovation edge and successfully license its technologies to achieve its ambitious targets. The company's ability to stay ahead in AI research, in particular, could be a key driver of future growth given the sector's explosive potential.
WILMINGTON, Del., Sept. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, has announced targets of
“In the past four years, we have almost doubled our revenue, improved our execution across the business, and taken multiple steps to enhance shareholder value,” noted Liren Chen, President and CEO, InterDigital. “Based on our world-class innovation in wireless, video and AI, accelerating momentum across the business, the large addressable markets available to us, and new greenfield opportunities, we believe we are perfectly positioned to deliver significant growth in revenue and profitability in coming years.”
InterDigital’s executive team announced and discussed the new targets at a recent investor day. Links to investor day materials can be found below:
The presentation is here.
A full replay is here.
About InterDigital®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit the InterDigital website: www.interdigital.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations. Words such as “believe,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “forecast,” “goal,” “could,” "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," and variations of any such words or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are made on the basis of management’s current views and assumptions and are not guarantees of future performance. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) unanticipated delays, difficulties or accelerations in the execution of patent license agreements; (ii) the resolution of current legal proceedings, including any awards or judgments relating to such proceedings, additional or related legal proceedings, including appeals, changes in the schedules or costs associated with such proceedings or adverse rulings; (iii) our ability to leverage our strategic relationships and secure new patent license agreements on acceptable terms; (iv) our ability to enter into sales and/or licensing partnering arrangements for certain of our patent assets; (v) our ability to expand our revenue opportunities by entering into licensing arrangements with video streaming and other cloud-based service providers; (vi) our ability to enter into partnerships with leading inventors and research organizations; (vii) our ability to identify and pursue strategic acquisitions of technology and patent portfolios and other strategic growth opportunities; (viii) our ability to commercialize our technologies and enter into customer agreements; (ix) the failure of the markets for our current or new technologies to materialize to the extent or at the rate that we expect; (x) our continued ability to develop new technologies and secure new patents, including the risk of unexpected delays or difficulties related to the development of our technologies; (xi) risks associated with our capital allocation strategies, including risks associated with our planned dividend payments and share repurchases; (xii) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the 2017 Tax Cuts and Jobs Act, as well as further guidance that may be issued regarding such act; (xiii) risks related to the potential impact of new accounting standards on our financial position, results of operations or cash flows; (xiv) failure to accurately forecast the impact of our restructuring activities on our financial statements and our business; (xv) the timing and impact of potential regulatory, administrative and legislative matters; (xvi) changes or inaccuracies in market projections; (xvii) our ability to obtain liquidity though debt and equity financings; (xviii) the potential effects that macroeconomic uncertainty could have on our financial position, results of operations and cash flows; (xix) impacts from acts of terrorism, war or political or civil unrest, or any responses thereto, in the United States or elsewhere; (xx) changes in our business strategy; (xxi) changes or inaccuracies in our expectations with respect to royalty payments by our customers and (xxii) risks related to our assumptions and application of relevant accounting standards, including with respect to revenue recognition.
We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.
InterDigital Contact:
InterDigital Investor Relations
Email: investor.relations@interdigital.com
+1 (302) 300-1857
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