You might also like
InterDigital, Inc. (IDCC) is a technology research and development company specializing in mobile, video, and AI technologies. The company primarily engages in patent licensing, technology development, and strategic partnerships to expand its market presence. InterDigital sells intellectual property through licensing agreements with major device makers, contributing significantly to its revenue.
- Smartphone - Licenses patents for smartphones, other wireless communication devices, and infrastructure equipment such as tablets and base stations.
- CE, IoT/Auto - Licenses patents for consumer electronics and IoT products, including televisions, laptops, gaming consoles, set-top boxes, streaming devices, and connected automobiles.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Liren Chen ExecutiveBoard | President and Chief Executive Officer (CEO) | Liren Chen has served as President and CEO of IDCC and a Director on its Board since February 6, 2025. | View Report → | |
Joshua D. Schmidt Executive | Chief Legal Officer and Corporate Secretary | Joshua D. Schmidt has been InterDigital’s Chief Legal Officer and Corporate Secretary since October 2021, after previously serving as Vice President, Deputy General Counsel. He joined the company in 2015 and has key expertise in corporate governance, M&A, and compliance functions. | ||
Rajesh Pankaj Executive | Chief Technology Officer (CTO) | CTO of InterDigital since July 2022, previously served over 25 years at Qualcomm in senior engineering and R&D roles. | ||
Richard J. Brezski Executive | Chief Financial Officer (CFO) | Richard J. Brezski has been InterDigital’s CFO and Treasurer since May 2012, after progressing through several key financial roles at the company since May 2003. | ||
Derek Aberle Board | Director of InterDigital, Inc. | Board Member at Virewirx, Inc.; Board Member at LeddarTech (Nasdaq: LDTC); Board Member at EvoNexus; Board Member at Alliance for SoCal Innovation | Derek Aberle has been serving as a director at InterDigital, Inc. since September 2022, with his appointment becoming effective on September 8, 2022. He also serves on the Human Capital and Finance Committees, bringing extensive experience in patent licensing and global business leadership. | |
Jean F. Rankin Board | Director | Jean F. Rankin has served as the Director of IDCC since June 2010, overseeing key committees such as the Human Capital Committee (as Chair) and the Nominating and Corporate Governance Committee. She brings extensive legal and corporate governance expertise from previous roles at LSI Corporation and Agere Systems Inc., contributing valuable strategic insight to the board. | ||
Joan H. Gillman Board | Director | Board Member at Airgain, Inc.; Board Member at Cumulus Media; Chair of Jesuit Volunteer Corps; Foundation Manager and Trustee of David T. Langrock Foundation | Joan H. Gillman has served as a Director at IDCC since April 2017. She brings over 20 years of media and communications leadership experience, including roles as Executive Vice President and COO at Time Warner Cable, and she holds board positions and committee leadership roles in other organizations. | |
John A. Kritzmacher Board | Director and Chair of the Audit Committee | Director of Unisys (Audit & Finance and Security & Risk Committees) | John A. Kritzmacher has been a director at IDCC since June 2009 where he serves as Chair of the Audit Committee and a member of the Nominating and Corporate Governance Committee. He brings extensive financial and operational leadership experience from his previous roles at Lucent Technologies, Global Crossing, and John Wiley & Sons. | |
John D. Markley Board | Director | Managing Partner at Bear Creek Capital Management; Managing Partner at New Amsterdam Growth Capital; Director at Charter Communications, Inc. | John D. Markley, Jr. has served as a director at IDCC since November 2016. He currently chairs the Nominating and Corporate Governance Committee and is a member of the Human Capital Committee. | |
S. Douglas Hutcheson Board | Chairman of the Board | Board Director at Kymeta Corporation ; Board Director at AgilePQ ; Chair of the Board of Trustees at Rady Children’s Health ; Board Member at Rady Children’s Institute for Genomic Medicine ; Board of Advisors at Global Policy and Strategy Institute at UCSD | S. Douglas Hutcheson has served as IDCC’s Director since July 2014 and as Chairman of the Board since June 2015. | |
Samir Armaly Board | Director | Samir Armaly has served as a Director at IDCC since April 2023. He also sits on the Audit Committee and the Nominating and Corporate Governance Committee in 2023 and 2024. |
-
Given the reported $17 million in 2024 expirations and a projected $91 million expiration in 2025, how will you ensure that renewals not only replace expiring revenue but also deliver an improved valuation, especially considering the varying contract lengths and complex negotiations?
-
With recurring revenue growth driven by both catch-up sales and new agreements, can you clarify how you forecast the impact of new license agreements on quarterly guidance when the timing remains unpredictable?
-
In light of your flexible approach for charging streaming service providers, what specific metrics do you expect to benchmark against for platforms like Disney, and how will you align these with diverse revenue models such as subscription versus ad-supported services?
-
Regarding the ongoing Samsung arbitration, could you provide any additional detail on the potential quantitative uplift in recurring revenue that might result from a favorable outcome, and what impact would such an outcome have on your ARR growth outlook for 2025?
-
Considering your use of convertible instruments to bolster the balance sheet and support litigation efforts, how do you plan to manage potential dilution against the backdrop of a $500 million net cash position, and what implications might this have for your return-to-shareholders strategy?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Samsung | Patent license agreement (binding arbitration in 2024). | All | ~30% of 2024 total revenue ($260.55M) out of $868.50M. |
Lenovo | Patent license agreement (arbitration in 2024). | All | ~20% of 2024 total revenue ($173.70M) out of $868.50M. |
Apple | Multi-year, royalty-bearing patent license. | All | ~15% of 2024 total revenue ($130.28M) out of $868.50M. |
OPPO | Patent license agreement effective 2024. | All | ~14% of 2024 total revenue ($121.59M) out of $868.50M. |
Recent press releases and 8-K filings for IDCC.
- Q1 2025 GAAP results: Revenue of $210.5M, net income of $115.6M, diluted EPS of $3.45, non-GAAP adjusted EBITDA of $159.1M, and record annualized recurring revenue of $502.9M.
- Full year 2025 guidance reaffirmed with detailed Q2 outlook provided in the release.
- Issued an 8-K filing to correct its Q2 revenue guidance error, revising the range to $165 to $170M instead of $165 to $175M, clarified during a May 1-2, 2025 conference call and filing.
- Highlighted strong market positions with license agreements, including a deal with vivo Mobile covering major smartphone vendors and a new Q2 agreement with HP.
- InterDigital, Inc. filed a Form 8-K on April 7, 2025, detailing a key management change.
- Effective April 4, 2025, Chief Licensing Officer Eeva Hakoranta stepped down from her role and will serve as a strategic advisor until July 4, 2025 to support the transition.
- The announcement was signed by Chief Legal Officer and Corporate Secretary Joshua D. Schmidt, confirming the details.
- Record Revenue: Q4 revenue surged 140% YoY to $253 million and full-year revenue reached $869 million, the highest in company history reflecting robust growth
- EPS Improvement: Q4 GAAP diluted EPS was $4.09 and full-year EPS reached $12.07, driven by a 241% YoY increase in net income
- Dividend Increase: Quarterly dividend raised by 33% from $0.45 to $0.60 per share, effective from Q2 2025
- Strategic Licensing: Executed new agreements with key OEMs including Samsung TV, OPPO, and major global smartphone manufacturers, plus initiated arbitration with Lenovo to strengthen its IP portfolio
- 2025 Guidance & EBITDA: Provided revenue guidance of $660–760 million and adjusted EBITDA guidance of $400–495 million, bolstered by catch-up revenue from key licensing deals