InterDigital, Inc. - IDCC STOCK NEWS

Shared Spectrum Company and InterDigital, awarded a contract for 5G dynamic spectrum sharing, will enhance Air Force radar coexistence with 5G services at Hill Air Force Base, Utah. This collaboration aims to develop technologies that improve spectrum availability and robustness in contested environments. As part of a broader Department of Defense initiative, the project supports the largest full-scale 5G tests for dual-use applications. The innovative solutions seek to advance military capabilities while ensuring minimal impact on legacy systems.

InterDigital has launched CompareAI, the first iOS app allowing experimentation with advanced image compression algorithms on resource-limited devices. Announced on February 23, 2021, this app enables researchers and developers to compare 15 deep learning-based models offline, marking a significant advancement in image compression technology. Users can select images to compare traditional methods like JPEG with AI techniques, offering insights into image quality and storage efficiency. This innovation builds upon InterDigital's open-source research, CompressAI.

InterDigital, Inc. (NASDAQ:IDCC) reported strong fourth-quarter and full-year financial results for 2020, highlighting a 13% year-over-year revenue growth. Fourth-quarter recurring revenue increased to $89.1 million, a 15% rise from 2019, thanks to new patent licensing agreements. Despite total revenue decreasing to $90.8 million, the company achieved an operating income of $3.1 million, though it faced a net loss of $1.4 million. For the full year, net income rose by 114% to $44.8 million, with earnings per share increasing 118% to $1.44. Free cash flow also grew significantly, reaching $121.1 million.

InterDigital Inc. (IDCC) announced the launch of its ETSI Multi-Access Edge Computing (MEC) Sandbox during a February 12 webinar. Awarded two contracts by the European Telecommunications Standards Institute, InterDigital will develop and maintain the sandbox, designed for app developers to experiment with standardized edge service APIs. The sandbox allows users to simulate various network technologies, fostering hands-on interaction with MEC service APIs. This initiative underscores InterDigital's commitment to enhancing edge computing capabilities.

InterDigital (NASDAQ:IDCC) will announce its Q4 2020 and full-year results on February 18, 2021, prior to market opening. A conference call at 10:00 AM ET the same day will detail the company's financial performance and strategic matters. Investors can access the call via InterDigital's website or by phone. The conference aims to provide insights into financial performance and forthcoming initiatives.

Founded in 1972, InterDigital specializes in mobile and video technology development.

On January 28, 2021, InterDigital (NASDAQ:IDCC) announced projected revenue for Q4 2020, forecasting between $87 million and $90 million, with recurring revenue expected to be between $85 million and $88 million. The company will recognize one-time charges of approximately $10-11 million related to patent portfolio management, contributing to a sequential increase in operating expenses of around $15 million. This follows a prior estimate of a $5 million expense increase driven mainly by litigation.

InterDigital will present at the 23rd Annual Needham Virtual Growth Conference on January 14, 2021, at 3:30 PM ET. The presentation will be available for live streaming via the company's website, www.interdigital.com, and an archived replay will be provided post-conference. As a leader in mobile and video technology, InterDigital focuses on innovative solutions to enhance broadband networks and multimedia experiences. The company is publicly traded on NASDAQ under the ticker symbol IDCC and is a member of the S&P MidCap 400 index.

InterDigital, Inc. (NASDAQ: IDCC) announced the election of Ed Ehrlich as Chair of the Wireless Technologies and Systems Committee (WTSC) Radio Access Network (RAN) within ATIS. This committee plays a key role in developing standards for North America based on 3GPP specifications. Ehrlich’s leadership is expected to influence the framework of future mobile communications as the IMT-2030 Recommendation begins development. InterDigital's recognition in this leadership reflects its long-standing contributions to wireless standards.

InterDigital (NASDAQ: IDCC) announced the finalization of the Versatile Video Coding (VVC) and Video-based Point Cloud Compression (V-PCC) standards at MPEG, enhancing video experiences. VVC boosts performance over HEVC by 50%, allowing high-quality video at lower bitrates, essential for immersive content. V-PCC compresses high-bandwidth 3D content, achieving a 300:1 ratio for lossy data. Both standards support the growth of AR, VR, and enhanced video services. InterDigital was a key contributor to these standards, with approval processes ongoing.